Occasionally, sponsors and principal investigators (PIs) would like to execute a fixed price contract. As ÐÇ¿Õ´«Ã½ needs to ensure awards with this type of payment adhere to certain standards, the AVPR Joan Schenkel must approve all fixed price proposals prior to submission and as part of award execution. Your PASA specialist will utilize the ancillary review function in SpartaGrant to seek approval.
Fixed Price Contract defined: A fixed price contract is a contract that has a firm price for which the university (contractor, grantee, awardee) bears the full responsibility for underruns or overruns incurred as a result of the difference between the firm price and the expenses (charges) incurred.