A contract is a written agreement between two parties by which the sponsor agrees to pay costs incurred for specific services, deliverables, or research goals. Contracts generally support applied research. Contracts are more rigid, allowing less flexibility in the conduct of the research and utilization of the funds. Contracts contain specific terms and conditions that must be followed to remain in compliance with the contract terms. Changes or modifications to any aspect of the contract can be done only through a written and signed modification or amendment to the contract.

NOTE: Pricing/Fees are generated or applied based on services of company’s needs.