The Federal government can distribute funding in several forms, including contracts, grants, loans, insurance, and direct payments. Award Type is a classification that provides more information about the structure of the award. Examples include:
- Purchase Order (a type of contract)
- Definitive Contract (a type of contract)
- Block Grant (a type of grant)
- Direct Loan (a type of loan)
Description (and corresponding code) that provides information to distinguish type of contract, grant, or loan and providers the user with more granularity into the method of delivery of the outcomes.