§ 1108.200 - Fixed-amount subaward.  


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  • § 1108.200 Fixed-amount subaward.

    Fixed-amount subaward means a subaward:

    (a) That a recipient or subrecipient makes to another entity at the next lower tier; and

    (b) Under which the total amount to be paid to the other entity is based on performance and results, and not on the actual, allowable costs that entity incurs.