Federal grantees - prepare for possible belt tightening

As the sequestration decision deadline of March 1st approaches, those of you with Federal sponsors may want to start thinking about the possibility that your next year's budget could be cut. An Office of Management and Budget memo dated January 14th to the heads of executive departments and agencies provides guidelines to follow in the event that sequestration goes into effect; among other tips is "review grants and contracts to determine where cost savings may be achieved in a manner that is consistent with the applicable terms and conditions."

You can read the whole memo here.