Insulating Basement w/ Rigid Foam and Batt
Sounds like you got this covered ok...Nice that you got this grant...
As your taking the 2x4 studs out 2" from the walls either use a strip of 2" foam behind the 2x4 or a strip of the batt...Note that open space will let you run your electic wires for power boxes, etc you may want in place...6 mil poly sealed on the warm side of the walls...Don't seal poly on the outside rim joist areas...The batts should be set in place first then cut 1" foam and cork it on the inside warm area...No moisture can get sealed in from escaping out this way...Good luck on your project...
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