Fixed amount awards definition
Fixed amount awards means a type of grant agreement
Fixed amount awards 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 record-keeping requirements for both the non-federal entity and awarding agency or pass-through entity. Accountability is based primarily on performance and results. "Foreign public entity" means: (1) a foreign government or foreign governmental
Examples of Fixed amount awards in a sentence
Fixed amount awards means a type of grant agreement under which the Fed- eral awarding agency or pass-through entity provides a specific level of sup- port without regard to actual costs in- curred under the Federal award.
Fixed amount awards are not subject to the cost principles in 2 CFR Part 220, Subpart E.