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MiamiOH OARS

Fixed Amount Awards for Human Rights, Accountability, and Access to Information in the ... - 0 views

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    Fixed amount awards are generally used when the project scope is specific and if adequate cost, historical, or unit pricing data is available (e.g. the work to be performed can be priced with a reasonable degree of certainty, the grantee can reliably predict costs based on similar types of work, or the grantee can easily obtain bids or quotes). Fixed amount awards must be based upon milestones, which outline a verifiable product, task, deliverable, or goal. Milestones generally include three components: (1) a description of the product, task, deliverable, or goal to be accomplished; (2) a description of how the recipient will document the completion of the product, task, deliverable, or goal (e.g. survey submission, submitting training materials, toolkits or reports); and (3) the cost associated with achieving the milestone. Payments are based on meeting specific requirements and accountability is based on performance and results. This type of award reduces some of the administrative burden and record-keeping requirements.
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