Comparison

The following chart compares requirements of lump sum and actual cost agreements.
Table 9-1: Comparison Chart of Actual Cost vs. Lump Sum Agreements
Actual Cost
Lump Sum
No limitation
Limited to $500,000.00
Detailed estimate
Very detailed and a verified estimate
Detailed itemization of billing
No itemization of billing
Partial payments
No partial payments
Audit required
No audit required
10% retained until audit
100% reimbursement at billing
One review of plan and estimate
One review of plan and estimate
Reconcile final billing to approved plan and estimate
Proof of Buy America compliance
Proof of Buy America compliance