Fixed Amount

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OSP: Fixed amount awards means a type of grant agreement under which the Federal awarding agency or pass-through entity provides a specific level of support without regard to actual costs incurred under the Federal award.  Fixed amount awards are appropriate when the work that is to be performed can be priced with a reasonable degree of certainty.  A fixed amount award cannot be used in programs which require mandatory cost sharing or matching.   A fixed amount subaward is a form of a subagreement that may be issued with prior written approval from the federal awarding agency on fixed amounts up to the Simplified Acquisition Threshold.  Fixed amount subawards have a distinct statement of work and are priced for the work and deliverables due under that subaward.