A university subawardee for our STTR told us that they do either –
* detailed invoices for cost reimbursement, or
* deliverable based invoices for fixed priced but wouldn’t send any detailed invoices (not broken down by Salaries, Materials & Indirects)
Could you kindly let me know if we are able to set up a fixed price deliverables-based STTR subaward with a university without getting detailed invoices? OR will NIH have an issue with not having an invoice broken down by Salaries, Material, Indirects, etc?
Also, is there an NIH requirement that subawardees have to submit invoices with breakdown of costs?
For a cost reimbursement STTR award, detailed invoices is the preferred method. With NIH approval, the company can provide fixed based payments to the subaward if measurable milestones are established NIHGPS 220.127.116.11.
Either method requires a contract with the subaward and a policy for monitoring the work performed.