What is subcontractor in SAP PSM-GM - Grants Management?

SAP Term: subcontractor

• Component: PSM-GM

• Component Name: Grants Management

• Description: Organization or individual providing goods or services to the contractor grantee or receiving payments from, or on behalf of, the grantee. Unlike a subgrantee, a subcontractor is under contract to supply specifically stated deliverables, having no say in what form those deliverables may take.

Smart SAP Assistant

• Key Concepts: 
  A subcontractor is an entity that is contracted by a primary contractor to perform a specific task or service. In the context of SAP PSM-GM Grants Management, subcontractors are used to manage the grant process and ensure that the grant funds are used in accordance with the grant agreement. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, subcontractors can be used to manage the grant process and ensure that the grant funds are used in accordance with the grant agreement. Subcontractors can be used to manage the grant process from start to finish, including budgeting, tracking expenses, and reporting on progress. 
  
  Tips & Tricks: 
  When selecting a subcontractor for your grant project, it is important to ensure that they have experience in managing grants and are familiar with the specific requirements of your grant agreement. Additionally, it is important to ensure that the subcontractor has adequate resources and personnel to manage the project effectively. 
  
  Related Information: 
  For more information on subcontractors and how they can be used in SAP PSM-GM Grants Management, please refer to the SAP Help Portal. Additionally, you can find more information on subcontractors in the SAP Best Practices for Grants Management guide.