Advance Payment Policy Change Rick Inada Office of Sponsored - PowerPoint PPT Presentation

Jan 06, 2024 •519 likes •565 views

Advance Payment Policy Change Rick Inada Office of Sponsored Projects & Industry Partnerships March 6, 2012 1 Office of Sponsored Projects & Industry Partnerships DOE Advance Payment Change DOE has changed the non-Federal WFO and

Advance Payment Policy Change Rick Inada Office of Sponsored Projects & Industry Partnerships March 6, 2012 1 Office of Sponsored Projects & Industry Partnerships
DOE Advance Payment Change • DOE has changed the non-Federal WFO and CRADA advance payment requirement from 90 days to 60 days. • Policy Change revised the DOE Accounting Handbook in February 2012. • LBNL OCFO is assessing the impact of the change on bridge funding and discussing how best to implement. 2 Office of Sponsored Projects & Industry Partnerships
DOE Advance Payment Change (Cont.) • Once implementation decisions have been made, LBNL policies regarding advance payment calculations will be revised. • The WFO Contact Clause on payment will be revised. 3 Office of Sponsored Projects & Industry Partnerships

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