As announced at the June 22, 2023 RA Town Hall, OSR has updated and revised the Working Capital Advance Procedure for Out-going Subawards/Subrecipients. The changes are effective as of June 22, 2023.

Only subrecipients in Low and Middle Income Countries may request advances. The maximum amount allowable is 25% of the annual amount plus upfront costs, including the purchase of any equipment.

A hardship letter is no longer required. The monitoring letter must be signed by the PI and a Department Representative. Each department determines who can sign the letter as the Department Representative.

See the OSR website for more information.