Federal Contracts and Grants

Federal contracts and grants are financial agreements where the U.S. government funds organizations or individuals to achieve specific goals. Contracts are used when the government needs services or goods and involves a firm commitment to deliver in exchange for payment. Grants are primarily for research, education, or public service projects and provide funding without requiring a specific product or service in return. Both are tools for advancing public policy, research, and services, with contracts emphasizing performance and grants supporting broader initiatives without direct procurement.