Research Administration Business Office

1. The statement of work allows the project director significant freedom to change emphasis within the general area of work as the project progresses.
2. Deliverables are minimal, usually consisting of scientific and financial reports only.
3. Separate accounting procedures are required.

Contract
A contract is an agreement to acquire services that primarily benefit the sponsor. For an award to be considered a contract, it normally must contain all of the following elements:

1. Detailed financial and legal requirements must be included with a specific statement of work to be performed.
2. A specific set of deliverables and/or reports to the sponsor is required.
3. Separate accounting procedures are required.
4. Legally binding contract clauses must be included.
5. Benefits of the project accrue first to the sponsor, then to the awardee, then to the nation.

Cooperative Agreement
A funding mechanism which can be used by federal agencies when a program requires more agency involvement and restrictions than a grant but requires less agency supervision than a contract.

Gift or Donations (Contact MetroHealth Foundation if you are receiving a gift or donation.)

A unilateral transfer of money, property, or other assets to the recipient for the recipient's ownership and use, by a donor who makes no claims on the recipient in connection with the gift. Gifts normally have the following characteristics:

1. The statement of work allows the project director significant freedom to change emphases within the general area of work as the project progresses.
2. No deliverables are involved.
3. Separate accounting procedures are not required.
4. Benefits of the project are to accrue to the nation and the world.
5. Sponsor has no audit rights.
6. No regulatory issues are involved, such as human subjects or animal care.