Fig. C-3 - Fixed Amount Subward Agreement

Fig. C-3 (DRAFT – FOR REVIEW BY LEGAL REPRESENTATIVE, MAY BE MODIFIED) NOTE: The fixed amount award instrument is new under the uniform guidance. It is unlike any prior grant or cooperative agreement award instrument. A completion certification is required at the end of the project. Payment to the subrecipient is based on performance and results, not costs incurred, and therefore, there is no governmental review of costs. Other advantages include: reduced administrative burden, no cost principles or pricing information (other than initially to negotiate the amount of the award), no cost sharing, no budgets and limited, if any, financial reporting with possibly no SF425… Read More