48 C.F.R. § 16.305
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.
Notes of Decisions
Cited in 2
cases, 1997–2009 · leading case: Global Comput. Enter., Inc. v. United States, 88 Fed. Cl. 350 (Fed. Cl. 2009).
Global Comput. Enter., Inc. v. United States, 88 Fed. Cl. 350 (Fed. Cl. 2009). “” 48 C.F.R. § 16.305 . . A time and materials contract "provides for acquiring supplies or services” based upon "(1) [djirect labor hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit; and (2)[a]c-tual cost for…”
Day & Zimmermann Servs., A Div. of Day & Zimmermann, Inc. v. United States, 38 Fed. Cl. 591 (Fed. Cl. 1997). “Federal Acquisition Regulation (FAR) 48 C.F.R. § 16.305 (1996). . The following abbreviations are used throughout this opinion: Tr.”
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