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                            16.305 Cost-plus-award-fee contracts.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart16.016.116.216.316.416.516.616.7
Section16.30116.30216.30316.30416.30516.30616.307
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16.305 Cost-plus-award-fee contracts.16.305 Cost-plus-award-fee contracts.       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.    **Parent topic:**  Subpart 16.3 - Cost-Reimbursement Contracts
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