Manage Grants Business Unit Implementation Options
Define the default award and billing attributes and set the burn rate indicators for a grants management business unit. The default award attributes are used to process the financial transactions for awards and award projects within the business unit.
The billing attributes are sent to the contract bill plan for billing purposes.
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In the Setup and Maintenance work area, go to the Manage Grants Management Business Unit Implementation Options task:
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Offering: Grants Management
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Functional Area: Grants Management Foundation
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In the Select Scope dialog box, select Select and Add from the Business Unit drop-down list and click Apply and Go to Task.
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In the Manage Business Units page, select the business unit in which you want to create or edit the award and billing attributes and click Save and Close.
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In the Edit Grants Management Business Unit Implementation Options page, complete the following attributes in the Default Award Attributes section:
Attributes
Description
Institution
Institution that receives grants or awards to conduct research or studies.
Contract Type
Type of the grant contract class that's available for award creation.
Burden Schedule
If the award isn't created from an award template, the value you enter in this field becomes the default burden schedule.
Days to Close
Number of days after the award end date. Use this time to manage award expenses incurred until the close date.
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In the Default Billing Attributes section, complete the following attributes as appropriate:
Attributes
Description
Invoice Method
A set of rules, based on amounts, rates, and cost reimbursable schedule types, that calculate invoice amounts for the bill plan that's associated with the contract line on the associated project. The most commonly used methods Cost Reimbursable and Amount Based are supported for awards.
Revenue Method
A set of rules, based on amounts, rates, and cost reimbursable schedule types, that calculate revenue amounts for the revenue plan that's associated with the contract line on the associated project.
Billing Cycle
Frequency at which invoices are created for the bill plan.
Net Invoice
Indicates whether it's a net invoice or not.
Labor Format
Labor format to group labor items on an invoice line. Includes the source of columns, text, and layout.
Nonlabor Format
Nonlabor format to group nonlabor items on an invoice line. Includes the source of columns, text, and layout.
Event Format
Format to group events on an invoice line. Includes columns, text, and layout.
Invoice Grouping
Award invoice grouping option for award creation. For example, Associated Project.
Generated Invoice Status
Status of the generated invoice, valid values are Draft, Released, or Submitted.
Transaction Type
Receivables transaction type for invoices and credit memos.
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In the Burn Rate Indicators section, specify the burn rate indicator percentage ranges to indicate the spending limits for award projects. You can use the default values specified in the application or set the required threshold limits.
Burn Rate Indicators
Description
Default Value Range
Underspending
Value to indicate that the budget amount assigned to the award project is within threshold limits.
51 to 100
Overspending
Value to indicate that the budget amount assigned to the award project has reached a maximum threshold.
101 to 999
On Track
Value to indicate that the budget amount assigned to the award project is below the minimum threshold.
-999.00 to 50
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Click Save and Close.