Glossary Grant Writing and Non-Profit Terms / Term
An informal abbreviation for "on the speculation". Consultants, including grant writers, architects, lawyers, and others, may do preliminary work "on the speculation" that if the project is funded more work will be forthcoming. The on spec portion may be done for free or at a reduced rate in the hopes of securing the additional work. This arrangement may raise ethical concerns with funding agencies.
Permanent link On spec - Creation date 2020-03-01