Letter of Guarantee Guidance
- Locate the submitted proposal in RAMSeS for which you want to request a financial guarantee.
- Click on the proposal number to reach the “Proposal Routing Status” screen.
- Select the tab entitled “Financial Guarantee.”
- Select the link “Add Financial Guarantee to Proposal,” and a pop-up form will appear requesting Financial Agreement Information.
- Fill out the form and click the “Submit” button. Include sufficient justification to support the likelihood of the award and the necessity for an early account.
- The form is electronically routed for internal departmental approval.
- OSP does not receive an email indicating that a Financial Guarantee has been submitted. At a specified time, Sponsored Programs reviews and pulls any outstanding requests.
- A RAM Tracker is created for these requests and sent to the Sponsored Programs Specialist for your department. The department will receive an email with the RAM Tracker ID.
- After the SPS receives a Financial Guarantee request for an existing project, they will process the request as normal. The department can use the RAM Tracker ID to check the status of this request
- Once a Project ID is established, an automatic email will be sent to the department.
- Please note that OSP does not bill for expenses on an LOG.
- If an agreement is not received, then the department is responsible for all expenses. These expenses will be moved from the project ID to a department chartfield string.