Imagine this scenario: It's the Friday before a three-day holiday weekend, and a state funder calls and offers you a grant award for your project. But you must decide whether to accept immediately, because the funding decisions have to be made by the close of business in a few hours. And here's the catch: If you accept the award, you cannot apply for a possible future national competition that might or might not happen. Do you accept the award on behalf of a collaborative partnership that includes four entities?
This actually happened to one of my clients recently. I was slightly...
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