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Showing results for tags 'incentive'.
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I administer a CPIF contract that is currently underrunning. The price summary of the order allows a billing fee rate of 13%. At what point does the supplier earn their incentive fee (the portion of the underrun above 13% target fee that they are entitled to)? Do I withhold until contract closeout?
Contractor's total allowable cost is going to exceed the target cost on our CPIF contract. How do we adjust the contract value without changing the target cost to comply with the limitation of cost and funds clauses for obligation purposes? Right now our contract value is the target cost. Target cost cannot be increased without an equitable adjustment.