The last step in a grant or contract’s life cycle–whether cost-reimbursable or fixed-price–is project closeout. The key feature to closeout an award is the submission of all technical, financial, and other reports as required to the sponsoring agency on time.

The principal investigator (PI) will be notified prior to the termination date of the project. The project administrator will communicate with the PI to determine if a no-cost extension will be requested or if an extension with additional funds is pending.

Your project administrator will start the closeout process and facilitate the communication with other TAMUC System components that should be involved in the closeout process–which may include offices associated with payroll, accounts receivable,  property, and compliance.

When a project has been completed, Project Administration will prepare and send the sponsor required documents to close the project out.  Please be aware that many sponsors will not make final payments on awards until they have received the final technical report. So make sure to review your award document carefully and issue your final technical report after you have completed the project.

Final Technical Report

The PI on a sponsored research project is responsible for timely submission of the final technical reports. Specific sponsor requirements for the technical reports are defined in the award package. When the report is completed, the PI may submit it directly to the sponsoring agency whether it is an electronic submission or through their secure portal. Many sponsors have electronic systems where the PI uploads the report into their system. 

• Project Administration requires a copy of the final technical report, which may be emailed to ProjectAdministration@tamuc.edu or uploaded to Maestro.
• The obligations of the award have not been met until the report has been submitted to the sponsor.

Final Financial Report

• The final fiscal report is generally due within 60-90 days after the expiration date of the award.

• This final fiscal report is prepared and submitted by the Grants Project Administration Manager.

• The PI is responsible for ensuring that all costs have been properly reported and posted to the account within the terms of the award.

Final Report of Inventions

• Many sponsors require reports about inventions made during the conduct of research to ensure disclosure, in which case Texas A&M System Technology Commercialization would help manage the process.

Final Property Report

• The Project Administrator will prepare this report