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Plain-language definitions of every Grants & SBIR term that shows up in government contracting work.
A block grant provides federal funds to states or localities for a broad program area with significant recipient flexibility in how the money is spent within that category.
Read definitionA cooperative agreement is a federal financial assistance award similar to a grant but with substantial agency involvement in the project's execution, where the government actively collaborates rather than just providing funds.
Read definitionFederal grant cost principles define which expenditures are allowable, allocable, and reasonable when charged to a federal award, governing direct and indirect cost recovery for grantees.
Read definitionCost share and matching requirements obligate grant recipients to contribute a specified percentage of non-federal resources to the funded project, demonstrating co-investment in the program's success.
Read definitionA discretionary grant is a competitive federal grant award in which the agency selects recipients based on merit review of applications, with the agency retaining discretion over which projects to fund.
Read definitionFederal assistance encompasses all forms of federal financial support to non-federal entities, including grants, cooperative agreements, loans, loan guarantees, and direct payments, that are not contracts to acquire goods or services.
Read definitionA federal grant is a financial assistance award from the U.S. government to an eligible recipient for a public purpose, where the government receives no goods or services in direct return.
Read definitionA formula grant distributes federal funds to eligible recipients, typically states, based on a predetermined statutory formula using data such as population, poverty rates, or enrollment figures.
Read definitionA Funding Opportunity Announcement is an agency's public notice inviting eligible organizations to submit applications for competitive grant or cooperative agreement funding for a specific program.
Read definitionA grant application is the formal submission by an eligible organization responding to a Notice of Funding Opportunity, including a technical narrative, budget, and required certifications.
Read definitionGrant compliance encompasses the financial, programmatic, and administrative requirements a federal grantee must meet throughout the award period to properly account for and use federal funds.
Read definitionThe grant vs. contract distinction in federal law determines whether the government is providing financial assistance for a public purpose or procuring goods and services for its own direct benefit.
Read definitionA Notice of Funding Opportunity is the official announcement of a federal grant competition, describing the eligible applicants, award amounts, application requirements, and evaluation criteria.
Read definitionA pass-through entity is a grantee that receives federal award funds and distributes a portion to subrecipients through subawards while retaining responsibility for program compliance and subrecipient oversight.
Read definitionThe period of performance in a federal grant is the authorized time interval during which the recipient may incur allowable costs and use federal funds to carry out the approved project activities.
Read definitionR&D contracting in the federal government covers the procurement of basic research, applied research, and experimental development through contracts, grants, and specialized mechanisms like OTAs and BAAs.
Read definitionSBIR Direct to Phase II allows companies that have already established technical feasibility through non-SBIR work to skip Phase I and apply directly for a larger Phase II SBIR award.
Read definitionSBIR Phase I is the feasibility stage of the Small Business Innovation Research program, providing up to $300,000 for 6-12 months to determine whether a proposed innovation has technical merit and commercial potential.
Read definitionSBIR Phase II is the principal R&D stage of the SBIR program, providing up to $2 million over 24 months for full technology development and prototype creation based on successful Phase I results.
Read definitionSBIR Phase III is the commercialization stage where small businesses transition technology developed in Phases I and II into government procurement contracts or private sector products, without additional SBIR set-aside funds.
Read definitionThe Single Audit is an annual independent audit required for organizations that spend $1 million or more in federal financial assistance in a fiscal year, covering financial statements and federal program compliance.
Read definitionSBIR is a competitive federal program requiring 11 agencies to set aside a percentage of R&D budgets for small businesses, providing non-dilutive funding through three phased awards totaling up to $2 million or more.
Read definitionSTTR is a federal R&D funding program that requires small businesses to partner with a nonprofit research institution, facilitating technology transfer from university labs to commercialization.
Read definitionA subaward is a grant or cooperative agreement award made by a pass-through entity to a subrecipient to carry out part of a federal program, subject to full federal compliance requirements.
Read definition2 CFR Part 200 (the Uniform Guidance) is the comprehensive federal regulation governing financial management, cost principles, and audit requirements for all federal grants and cooperative agreements.
Read definitionSee how Bidovate turns these government contracting terms into pipeline. Explore the platform or book a 15-minute demo.
