If you had to complete binders full of reporting, metrics, updates, check-ins, and plans, to apply for, receive, and use a funding award, would it make a difference in how you engaged in the grant and that relationship? Would it help you to know how others are awarding and managing these awards?
Today’s Fast Build Friday topic is the infrastructure trends to watch in 2021. Nic highlights the first of two 2021 trends that she wants to talk about in a bit more detail. It is the first part of a two-part series.
The first infrastructure trend that Nic thinks we should be paying close attention to is due diligence for funding awards. She thinks we are going to see a real shift within the diligence space and we might even see it vary significantly by field, recipient, region, and funder.
And if we ignore the diligence trend, we may end up providing awards that are intended to be flexible, but are so tied down with diligence requirements pre, during, and post-funding award that we hinder how that grant could actually have been envisioned and used by the grantee.
How will you monitor diligence requirements in 2021? Let us know in the comments!
You can watch Episode 38 below.