Completion of deliverables/milestones or contractually defined fixed payment schedule
Pricing in Agreement
Detailed budget by cost category; prepare to justify in detail all actual project expenses
Milestone/Deliverable or other Payment Schedule, may be based on rates; no detailed line-item budget is presented to the sponsor and there should be no post award financial reporting
Audit
Individual expenses subject to audit
Expenses generally not subject to audit, but Uniform Guidance should be followed when estimating costs; internal budget is still required to verify cost reasonableness