48 C.F.R. § 16.404
16.404 Fixed-price contracts with award fees.
Award-fee provisions may be used in fixed-price contracts when the Government wishes to motivate a contractor and other incentives cannot be used because contractor performance cannot be measured objectively. Such contracts shall establish a fixed price (including normal profit) for the effort. This price will be paid for satisfactory contract performance. Award fee earned (if any) will be paid in addition to that fixed price. See 16.401(e) for the requirements relative to utilizing this contract type.
Notes of Decisions
Cited in 1
case, 2009–2009 · leading case: Global Computer Enterprises, Inc. v. United States
Global Computer Enterprises, Inc. v. United States (2009)
“” 48 C.F.R. § 16.404 (a). . A task order is "an order for services placed against an established contract or with Government sources.”
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