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Cost Principles – An Introduction - Sponsored Projects

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OMB Circular A-110 (Cont’d)<br />

<strong>–</strong> Post-Award (cont’d)<br />

• Revision of budget and program plans<br />

• Audit<br />

• Allowable costs<br />

• Period of availability of funds<br />

• Property Standards<br />

• Procurement Standards<br />

• Reports and Records<br />

<strong>–</strong> After-the-award: closeout etc.<br />

7

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