What is the difference between a “standard” and a “continuing” award?
In a standard award, the entire grant amount is provided at one time and both single and mulit-year projects can be funded in this way. If the award is multiyear, the Principal Investigator is required to submit both annual and final reports. In multiyear grants funds are often provided on a continuing basis with each annual increment dependent on satisfactory progress during the last. (Only in very infrequent and unusual circumstances might an increment be denied.) Progress reports are required eight weeks before the increment award date.
