In developing a budget, please use the OSP-provided spreadsheet and budget justification template, unless otherwise specified by the funder.
The proposal budget plays an important role in your proposal package as it tells how you plan to accomplish the work described in your narrative. The budget must be feasible for the scope of work (not too high or too low). The budget developed at this stage will carry on through the life of the project so it is imperative that all costs be evaluated beforehand. If the proposal solicitation advertises a maximum amount that can be proposed, then your scope of work must be reasonable within that amount.
For detailed information and policies related to budget components, please view our Sponsored Projects Handbook Part I: Proposal Development and Submission Process
Some initial questions to ask yourself and your project team include:
All components of a sponsored project budget must be allowable, allocable, and reasonable as described in Unallowable Cost Categories Policy.
Related policies can be found on the Policies & Forms webpage.