Fixed Price
From Bilat-Wiki
|
Translations missing. Please help us to translate this therm |
Ucsf: Reimbursement based on a defined firm fixed price or deliverables. Types of fixed price awards are as follows:
- Clinical Trial - Payment is based on fixed deliverables (e.g., units of service, patient enrollment). Sponsor may provide advance payment, which is encouraged as part of award negotiation.
- Installment - Payment is based on pre-defined intervals as outlined in the award document; may or may not require an invoice. Payment should be not tied to deliverables.
- Milestone - Payment is based on the achievement of pre-defined events as outlined in the award document.
- Prepayment - Sponsor makes an advance payment without being invoiced.
- Units of Service - Payment is based on units of service not on costs incurred (for example, public service awards).
