Government Contracts: Federal Grants and Cooperative Agreements Compliance

A Practice Note discussing the compliance obligations of companies that are awarded federal grants and cooperative agreements. This Note reviews the obligations imposed by the Office of Management and Budget’s (OMB’s) Uniform Guidance Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This Note covers key obligations and requirements of recipients as well as requirements that must be flowed down to contractors and subrecipients.