Fixed Amount Award definition

Fixed Amount Award means a type of grant agreement under which the awarding agency or pass-through entity provides a specific level of support without regard to actual costs incurred under the award. "Fixed amount awards" reduce some of the administrative burden and recordkeeping requirements for both the awardee and awarding agency or pass-through entity. Accountability is based primarily on performance and results.

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Fixed Amount Award means a type of grant agreement providing a specific level of support without regard to actual costs incurred under the award. While total funding will be predetermined for awards, reporting will be required. Grantee will receive the specific sum of the award regardless of the actual costs incurred.

Fixed Amount Award means a type of grant that provides a specific level of support, usually on a per unit basis, without regard to actual costs incurred. For fixed amount awards, accountability is based on

Examples of Fixed Amount Award in a sentence

• In addition, the AO must ensure the Fixed Amount Award includes ONLY the applicable “Required, As Applicable” provisions from ADS 303mat, Standard Provisions for Fixed Amount Awards to Nongovernmental Organizations.

• WaterAid retains the right to conduct a financial or programmatic review, require an audit, or otherwise ensure adequate accountability of funds provided under this Fixed Amount Award.

• Any notice or request required or permitted to be given or made under this Fixed Amount Award shall be in writing and in the English language.

• The operating unit must not use the Fixed Amount Award mechanism if there is an unacceptably high risk of failure or substantial changes in the milestones are expected as the recipient implements its program.

• The agreed upon Deliverables and Schedule of Milestones for funding under this Grant Agreement are included as Attachment C to this Fixed Amount Award entitled Deliverable and Milestone Payment Schedule.

• For further guidance concerning the cost information required and payment structuring, see ADS 303saj, Fixed Amount Awards to Non-Governmental Organizations and ADS 303mak, Fixed Amount Award Entity Eligibility Checklist.

• For engagements of this nature, the Contractor shall conduct reviews and examinations to assist USAID in determining the eligibility of the potential IP(s) to receive a Fixed Amount Award.

• This Grant is a Fixed Amount Award issued pursuant to the Prime Contract between Palladium and USAID.

More Definitions of Fixed Amount Award

Fixed Amount Award means a type of grant that provides a specific level of support, usually on a per unit basis, without regard to actual costs incurred. For fixed amount awards, accountability is based on performance and results, and grantees receive progress payments.

Fixed Amount Award means a type of grant agreement providing a specific level of support without regard to actual costs incurred under the award. While total funding will

Fixed Amount Award means a type of Grant Agreement under which the federal or State awarding agency or PTE provides a specific level of support without regard to actual costs incurred under the award. "Fixed amount awards" reduce some of the administrative burden and recordkeeping requirements for both the awardee and awarding agency or PTE. Accountability is based primarily on performance and results.

Fixed Amount Award means a type of Grant Agreement under which the federal