I know that BEAD is supposed to pay 75% and the provider 25%, with some exceptions. But the states are administering the program, and the award goes to the provider who bid the lowest price for the project area.
So is their bid what they get, or do they get 75% of that? Or do they still need to submit actual labor & materials costs and they get 75% of that? I'm confused. For example, let's say the winning bid for an area with 200 locations is $5,000 per location, $1 million total. And let's say it only costs $500K to connect all 200 locations, but nobody bid lower than $1 million. Does BEAD pay out 75% of the $500K actual documented cost? 75% of the $1 million bid? Or the full $1 million because the bids were already supposed to factor in the 75/25 split?
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