SBIR Land Home Forums Grant Accounting & Management Payment Management System

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by drew.
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  • #3042
    Shoba
    Participant

    Hello
    For NIH grant draw-downs from the Payment Management System, is there a requirement for the $ drawn-down to be disbursed within 3 business days? The PMS website says that, but I’ve heard from others that NIH doesn’t care about the 3 days. I’m confused by this. Could you kindly clarify?

    Thanks

    #3044
    drew
    Participant

    Hello Shoba,
    Thanks for your question.
    The drawdowns that you make from the Payment Management System should be to reimburse costs incurred. The funding should be disbursed within the 3 business day period.

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