![]() (1) The completion form describes the scope of work by stating a definite goal or target and specifying an end product. A cost-plus-fixed-fee contract may take one of two basic forms-completion or term. No cost-plus-fixed-fee contract shall be awarded unless the contracting officer complies with all limitations in 15.404-4(c)(4)(i) and 16.301-3. (2) A cost-plus-fixed-fee contract normally should not be used in development of major systems (see part 34) once preliminary exploration, studies, and risk reduction have indicated a high degree of probability that the development is achievable and the Government has established reasonably firm performance objectives and schedules. (ii) The contract is for development and test, and using a cost-plus-incentive-fee contract is not practical. (i) The contract is for the performance of research or preliminary exploration or study, and the level of effort required is unknown or ![]() (1) A cost-plus-fixed-fee contract is suitable for use when the conditions of 16.301-2 are present and, for example. This contract type permits contracting for efforts that might otherwise present too great a risk to contractors, but it provides the contractor only a minimum incentive to control costs. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract. A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |