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Does contract reimbursement mean the COE needs to have funds to carry out the activities and then submit receipts for reimbursement?

April 26, 2017activities carry coe contract funds mean Needs receipts Reimbursement submit

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Does contract reimbursement mean the COE needs to have funds to carry out the activities and then submit receipts for reimbursement?

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Yes. Under cost-reimbursement type contracts, which this contract will be, the institution will be reimbursed for expenses after they occur, through the submission of monthly invoices. However, exceptions might be made, which will be worked out during negotiations.