SUBJECT:  FIXED PRICE CONTRACTS

At the termination of a fixed price contract, any NET remaining
funds are transferred to an account for the P I's use. If the P I
received a partial ( or total ) waiver of the appropriate indirect
cost rate, the originally waived amount is first deducted from the
"left-over"  and transferred to the Indirect Cost Revenue accounts
....the P.I. gets the remainder ( NET).

Victor Medina
University of Maryland, College Park Md
xxxxxx@grad.umd.edu