; (2) improved existing and or new risk assessment tools, methods, and models for flooding and flood risks used by Federal, State, and local governments and other interested organizations; (3) improved existing and or new monitoring and predicting strategies and techniques of flooding and flood-related events; or (4) improved existing and or new flood management and prevention strategies and techniques. (f) Subcontracting Eligible entities may subcontract a portion of grant funds received for necessary construction-related costs to pursue an eligible activity. (g) Applications (1) Consortium review and approval Within 60 days of receiving a completed application, the consortium member in whose region the project will take place and the lead partner institution shall review and approve or disapprove the application. (2) Administrator approval Within 30 days of receiving an application that has been approved by the applicable consortium members, the Administrator shall determine whether to provide the project final approval. (h) Grant Size (1) In general Demonstration project grant awards under this section shall not exceed $250,000 per project. (2) Waiver of grant size limitation The Administrator may waive such grant size limitation if— (A) all consortium members approve of such a waiver; (B) the eligible entity has the expertise, or will work with partners that have the expertise, to manage the proposed project