PI/PD Responsibilities for Sponsored Projects
____________________
II. Financial, Administrative, and Programmatic Management of Awards 51 of 74 Prev - Next
1. Record Retention

PIs/PDs should consult the award terms and conditions for guidance on how long to retain documentation of award expenses and project outcomes.

Federal sponsors typically require record retention for a minimum of 3 years after submission of the final expenditure report or, if any litigation, claim or audit is started before the end of the 3 years, the records must be retained until the action is closed if longer. See OMB Circular A-110 for more information.

For non-federal sponsors, the retention period is usually 3-4 years.