cost plus award fee (CPAF) contract definition

cost plus award fee (CPAF) contract

Cost plus contract where a contractor is offered an incentive award amount that may be earned (in part or in full) based on the excellence displayed in contract completion time, cost effectiveness, quality of work, and technical ingenuity.

cost plus award fee (CPAF) contract is in the Agreements & Contracts and Purchasing & Procurement subjects.

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