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A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.
A cost-plus-award-fee contract is a cost-reimbursement contract that provides for a fee consisting of (a)a base amount (which may be zero) fixed at inception of the contract and (b)an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance. cost-plus-award-fee ...
A cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.
52.216-8 Fixed Fee. As prescribed in 16.307 (b), insert the following clause: (a) The Government shall pay the Contractor for performing this contract the fixed fee specified in the Schedule.
216.306 Cost-plus-fixed-fee contracts. (c) Limitations. For contracts in connection with a military construction project or military family housing project, see the prohibition at 216.301-3 .
The contractor assumes the least cost risk in a cost-plus-fixed-fee level-of-effort contract, under which it is reimbursed those costs determined to be allocable and allowable, plus the fixed fee.
A cost-plus-award-fee contract is a cost-reimbursement contract that provides for a fee consisting of (a)a base amount (which may be zero) fixed at inception of the contract and (b)an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance. cost-plus-award-fee ...
The fixed fee adjustment shall be based solely upon the difference between the DPLH actually provided and 90% of the estimated DPLH, calculated as follows: Adjusted Fixed Fee = (Actual DPLH/ (.9 × Estimated DPLH)) × Specified Fixed Fee.
216.405-2 Cost-plus-award-fee contracts. (1) Award-fee pool. The award-fee pool is the total available award fee for each evaluation period for the life of the contract.
The cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs.