Definition
Grant compliance means delivering a project in accordance with the funding body’s conditions, including its scope, schedule, budget, reporting duties and rules governing the use of funds.
Human Explanation
The project should be delivered according to the conditions on which funding was awarded.
Why it Matters
Breaching the conditions may result in financial corrections, reduced funding or repayment of some or all funds received.
Conceptual Boundary
Compliance is not limited to spending funds on time. It also covers project delivery, documentation and achievement of required results.
Practical Perspective
The organisation should continuously oversee project changes, documentation, expenditure and obligations arising from the funding agreement.