Indeed, that's what we've done.
The reason we were successful in the CFREF application is that we didn't lead it alone. It truly was a partnership with Dalhousie, Université du Québec à Rimouski, Université Laval and Memorial University. It was a genuine partnership.
The administrative costs are split among the universities as proportional to the grant. As the lead university, we really just see it as a partnership. We happened to have had the infrastructure here to be the lead university, but it could have been any one of the four of us because we worked together as a team to build the grant.