Cost reimbursement (CR) agreements are paid as costs are incurred and invoiced, typically monthly or quarterly
Cost Reimbursement Required Documentation:
Sponsor assumes greater risk
Frequently used by educations institutions, hospitals and non-profits.
Fixed Price Required Documentation: Milestone Payment Schedule (includes)
University assume greater risk
Lower administrative burden
Fixed price (FP) agreements have fixed payments based on a milestone payment schedule or the submission of deliverables.