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- Budget Information
Budget Information
Developing budgets that accurately portray the proposed project is not an easy task. In this time of extremely competitive research and decreasing funding, an accurate proposal budget with enough detail to demonstrate a clear idea of expenses will be very important in the evaluation process. Requesting funds for nonspecific budget categories such as "other" should be avoided so the budget looks well thought out. The budget should include what is needed to carry out the project - no more and no less. Inflated budgets look "padded" and can harm the chances for funding, while underestimating cost can harm the project if the award is made. The concept of "lowest bidder" only applies to contracts, not grants, and even funding decisions for contracts are based on the overall quality of the proposed project not just the project with the lowest cost. Listed below is more information regarding areas of proposal budget information.