Award Closeout

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