Please review the following announcement concerning a policy change effective July 1, 2013. As stated below, the policy is not retroactive and, as such, does not apply to submitted proposals or to anticipated future year funding for awarded multi-year projects.
Please contact the Tiger Team at email@example.com or the Truman Team at 882-7560 with questions.
The Conflict of Interest Committee has approved the following policy regarding fixed priced agreements. All proposals for research agreements and other sponsored activities meeting the criteria below must be in compliance with the policy no later than July 1, 2013. The policy is not retroactive and will apply to proposals submitted after the end of the fiscal year.
All research agreements and other sponsored activities with companies in which a University employee, a University employee’s spouse, and/or a University employee’s dependent child(ren) has a significant interest must be processed as a cost reimbursable agreement. A significant interest includes, but is not limited to, an equity interest in the company, a chief operating role with the company, and/or a consulting relationship with the company. There is a rebuttable presumption that it is an unmanageable conflict of interest to execute fixed price agreements with these companies. If there are extenuating circumstances in which a fixed price agreement is needed, prior approval must be obtained from the Conflict of Interest Committee.