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                            16.304 Cost-plus-incentive-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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16.304 Cost-plus-incentive-fee contracts.16.304 Cost-plus-incentive-fee contracts.       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. Cost-plus-incentive-fee contracts are covered in  subpart  16.4, Incentive Contracts. See  16.405-1 for a more complete description and discussion of application of these contracts. See  16.301-3 for limitations.    **Parent topic:**  Subpart 16.3 - Cost-Reimbursement Contracts
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