Pre-award Spending/Advance Account
Pre-award spending occurs on an award prior to receiving the official notice from the sponsor. Though authorized by the sponsor, the University bears all the risk and the award may not materialize; therefore, it is important to assess such risks before engaging in spending.
Additionally, an advance account is a grant account on which a Principal Investigator (PI) can charge allowable expenses in anticipation of receiving a sponsored award or during the time when the terms and conditions are being finalized.
Learn more about pre-award spending and advance accounts.