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As you are saying that the rate is fixed but the agreement amount is not fixed.You have option to go with Blanket purchase agreement. In blanket purchase agreement you can change the Amount agreed at any point of time and even you can set an option of changing the item price if needed. so you can use this for your case.
if needed you can go with Contract purchase agreement. Even in this you can change the contract amount when ever you need and you can create standard po's for this contract agreement.
If you use Blanket purchase agreement then using these tables you can track the releases PO_RELEASES_V, PO_LINE_LOCATIONS_RELEASE_V . These two tables would help you generate reports.