C. PAYMENT: The sponsor agrees to pay the university a fixed fixed price of [AMOUNT] for the provision of services, payable as follows: (1) fifty percent (50%) ([AMOUNT]) when implementing the agreement; (2) Forty percent (40%) ([AMOUNT]) at the centre of the project ([DATE]); and (3) ten per cent (10%) ([AMOUNT]) after the substantial completion of services by the university (together the “overall contract price”). To satisfy omb 2 CFR 200, the university is required to review fixed-price contracts that show a significant discrepancy between proposed and actual expenses. If the estimates are consistent and significantly higher than the actual costs, the university is required to review cost estimation methods to address the problem. A fixed price contract with retroactive renewal is suitable for research and development contracts, estimated at a simplified threshold of activity or less, if it is established from the outset that a fair and reasonable fixed price cannot be negotiated and that the amount and short duration of service make the use of other types of fixed-price contracts unfeasible. Significant residual balances of more than 100 t or 25% of the premium amount may call into question the project budget estimate or indicate that some project costs are not properly charged to the project accounts (which generally means that the university subsidizes work involuntarily). Excessive pricing can result in royalties for breach of cost and price rules if federal funds are involved. In addition, excessive remains may threaten the non-profit status of the institution and/or subject the institution to a debt independent of the business tax. As a result, the Vice-President of Research and Dean of the Graduate School, or its designer, must approve transfers of more than $100,000, or 25% of the premium. Excessive residue models are reviewed by the ORA and, if necessary, referred to the scientific officers responsible for studies, measures and/or deviations from the standard payment plan. b) The planned redefinition of the price for subsequent benefit periods at a specified time or date during the performance. Such contracts, however, remain popular despite a history of failed or turbulent projects, although they tend to work when costs are known in advance. Some laws have been written that impose a preference for fixed-price contracts, but many claim that these contracts are in fact the most expensive, especially if the risks or costs are unknown.
 b) The contract may provide for a maximum price based on the assessment of performance uncertainties and their potential impact on costs. This maximum price should provide for the contractor to take a reasonable part of the risk and can only be adapted after its implementation by the operation of contractual clauses providing for a fair adjustment or other modification of the price of the contract in certain circumstances. This means that the seller has agreed to provide work for a fixed amount of money. This type of contract is often used by government contractors to control costs and put the risk on the seller`s side.