Thank you too all for your comments.
Specifically to answer Vern's questions.
Is your contract for ongoing maintenance of multiple tasks for a specified period, or for completion of a specific maintenance task by a specified date?
---The contract is for completion of specific maintenance tasks by a specified date.
You are looking at CPIF, right? You are setting up two fees: (1) cost and (2) schedule, right?
--Yes, looking at CPIF and are setting up 2 fees, cost and schedule.
Are you are setting a "target" fee of 2 percent of cost for each or a minimum fee of 2 percent for each? If those are your targets, what is your minimum?
--we're thinking about setting a target fee of 2% of cost for each (cost and schedule). Our minimum would be 0% for both.
Your maximum fee for each is 4 percent, for a total maximum fee of 8 percent, right?
--correct
What is the share ratio?
--share ratios: overrun 40/60, under run 60/40
Thanks so much!