The First Year of the New Grants Guidance Will Be the Hardest

January 7, 2014 | By Jerry Ashworth | Post a Comment

wedding-accents-1337680-mAt the Federal Demonstration Partnership meeting in D.C. this morning, Victoria Collin of the Office of Management and Budget was comparing the new grants reform guidance to marriage. In essence, the proposal stage was the dating stage and now that the final guidance is in effect, the grants world has taken the plunge and gotten married. She went on to say that her hairdresser once told her that the first year of marriage is always the hardest, adding that the same could be said for the new guidance.

It will take some time for everyone to learn all the ins and outs of the new guidance. It includes sweeping reforms throughout the entire lifecycle, so those that had become familiar with the traditional ways of managing a grant now have a whole new set of rules to follow. Much training will be needed.

Although OMB held a Dec. 20, 2013, webinar to introduce the launch of the guidance, it was short (less than an hour) and touched on the basics of the guidance. OMB on Jan. 27 will hold a more in-depth webinar providing more details on the changes in the guidance. For those of you planning to attend this webinar, pack a lunch and some comfortable clothes. Collin said it will last all day, or at least about six hours. OMB had considered hosting three concurrent webinars over three days to discuss the changes to the administrative requirements, cost principles and audit requirements, but instead opted to conduct it in one long session.

We here at Thompson also are preparing to host a webinar to help the grants community find out more about the new guidance. Keep your eye on ThompsonInteractive.com to find out more information about the webinar and how you can attend.

Despite the changes, rest assured that Thompson will be here to help you through them. Once we get through this first year, life should get easier, or one can certainly hope.

Let us know if there are any questions you have about the new guidance. We want to help wherever we can.

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