When sponsors decide to fund a project below or above the requested budget level, there are several possibilities:

1. Some sponsors will simply make the award at the new amount and expect the principal investigator to make any necessary adjustments. The principal investigator must prepare a revised budget and submit it to ORS before the award can be processed and spending initiated.
2. Some sponsors will prepare a revised line item budget and make it part of the award.
3. Most often, the sponsor will contact ORS or the principal investigator and request a revised budget for the new amount before making the award. This revised budget must be reviewed and approved by ORS before submission to the sponsor.

If the reduction is significant, the principal investigator may not be able to carry out the project as originally intended. If this is the case, it is appropriate to submit a revised statement of work to the sponsor along with the revised budget figures.