Upon project completion the post-award team works with Principal Investigator and Business/Center manager to close the grant:
- Identify over / under spend on the grant.
- Return remaining funds to the sponsor or transfer to central funds (depending on sponsor terms & conditions)
- Address and transfer final overspend to the Principal Investigator baseline
- Ensure all revenue has been received from the sponsor
- Close out all open purchase orders on project
- Ensure technical and financial reports have been submitted and confirm with the sponsor that deliverables and reporting requirements have been fulfilled
- Deactivate and close the award in SAP after all the above steps have been addressed
- All awards are archived per KAUST/ Sponsor requirements; the Principal Investigator must retain all back-up documentation for the specified period
