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                            16.001 Definitions.
        
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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
Section16.00016.001
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16.001 Definitions.16.001 Definitions.       As used in this part-          *Award-Fee Board* means the team of individuals identified in the award-fee plan who have been designated to assist the Fee-Determining Official in making award-fee determinations.          *Established price* means a price that—(1) Is an established catalog or market price for a commercial product sold in substantial quantities to the general public; and                                                                     (2) Is the net price after applying any standard trade discounts offered by the contractor.                                                                                          *Fee-Determining Official (FDO)* means the designated Agency official(s) who reviews the recommendations of the Award-Fee Board in determining the amount of award fee to be earned by the contractor for each evaluation period.          *Rollover of unearned award fee* means the process of transferring unearned award fee, which the contractor had an opportunity to earn, from one evaluation period to a subsequent evaluation period, thus allowing the contractor an additional opportunity to earn that previously unearned award fee.    **Parent topic:**  Part 16 - Types of Contracts
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