Fixed-Price Award & Residual Balance Management

Fixed Price Award management varies by type and may require special closeout procedures.  Refer to this guide for award classifications and balance requirements at closeout.  A residual balance is an unobligated, unspent balance remaining on a fixed-price award at the conclusion of the project period. Reportable fixed-price awards greater than or equal to $20,000 require additional information (and approval) at closeout, per the details within the attached guide.