The Office of Grants & Contracts (GCO) at UIC supports University faculty and their departments in the administration and expenditure of sponsored project awards by developing and disseminating policies and procedures, managing the financial interactions with sponsors, and assuring compliance with University and sponsor policies, while minimizing the administrative burden on faculty and protecting the interests of the faculty and the University.
The primary services of the UIC Office of Grants & Contracts include:
Sponsored project post-award management – setting up and closing out awards, submitting reports and bills to sponsors, and reviewing sponsored project expenditures
Audit and compliance – responding to audit requests and ensuring awards are managed according to applicable policies, procedures, and laws
Cash and receivable management – collecting outstanding payments from sponsors for expenses incurred
Costing, training and analysis – developing F&A (indirect cost) and fringe benefit rates and calculating and/or reviewing service center rates to ensure compliance with Federal guidelines; training and outreach activities; and financial analyses, surveys and reviews
UIC has a sponsored portfolio of approximately 2790 active awards and $356M in sponsored expenditures from Federal, State, Other Government, and Private funding sources (FY17 figures).