Yep, you get the whole enchalada.  So hopefully your costs are way below you 
bid.
Sent from my iPhone

> On Nov 28, 2025, at 6:41 PM, Ken Hohhof <[email protected]> wrote:
> 
> 
> 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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