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Cost-plus-incentive fee (CPIF) contracts have a larger fee awarded for contracts which meet or exceed certain performance goals, for example being on schedule and any cost savings. [1] Cost-plus-award fee (CPAF) contracts pay a fee based upon the contractor's product. An aircraft development contract, for example, may pay award fees if the ...
The term "personal services contract" means a contract with express terms or administration which makes the contractor personnel appear effectively to be Government employees. Such contracts are prohibited by the FAR (Subpart 37.104) excepting where specifically authorized by statute.
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Incentive Fee Contract (FPIF) is a "type of contract where the buyer pays the seller a set amount (as defined by the contract), and the seller can earn an additional amount if the seller meets the defined performance criteria".
The position was first mandated by the National Defense Authorization Act for Fiscal Year 1994 (P.L. 103-160), signed by President Clinton on 30 November 1993. [4] Defense Directive 5124.2, passed 17 March 1994, officially established the position, incorporating the functions of the Assistant Secretary of Defense(Force Management and Personnel) and authorizing authority over the Assistant ...
The Corps of Engineers has one of the strongest Small Business Programs in the Army—Each year, approximately 33% of all contract dollars are obligated with Small Businesses, Small Disadvantaged Businesses, Service Disabled Veteran Owned Small Businesses, Women Owned Small Businesses, Historically Underutilized Business Zones, and Historically ...
The Office of Defense Mobilization (ODM) was an independent agency of the United States government whose function was to plan, coordinate, direct and control all wartime mobilization activities of the federal government, including manpower, economic stabilization, and transport operations. It was established in 1950, and for three years was one ...
A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise that performs the necessary managerial functions in return for a fee. Management contracts involve not just selling a method of doing things (as with franchising or licensing) but actually doing them. A ...
Construction accounting is a form of ... The construction field uses many terms not used in other forms of accounting, ... Contract Price $10,000,000 $10,000,000 ...