Code of Federal Regulations · Section
§ 16.305 — 16.305 Cost-plus-award-fee Contracts
48 C.F.R. § 16.305
View:
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 contracts are covered in subpart 16.4, Incentive Contracts. See 16.401(e) for a more complete description and discussion of the application of these contracts. See 16.301-3 and 16.401(e)(5) for limitations.
Authorizing Statute
-
Powers of the Administration in performance of functions51 U.S.C. § 20113
-
Administrative40 U.S.C. § 121
-
General authority41 U.S.C. § 1121
-
Chapter 137 legacy provisions10 U.S.C. § 3016