What does AF stand for?

Award Fee

This definition appears very rarely and is found in the following Acronym Finder categories:

Military and Government

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Samples in periodicals archive:

While many agencies use award fee contracts, over 95 percent of the government's spending using this contract type in fiscal year 2008 occurred at five: the departments of Defense (DOD), Energy (DOE), Health and Human Services (HHS), and Homeland Security (DHS) and the National Aeronautics and Space Administration (NASA).

Federal Contracting: Application of OMB Guidance Can Improve Use of ...

[ILLUSTRATION OMITTED] The recent article entitled, "How to Make Incentive and Award Fees Work," makes a case for program success using multiple incentives and subjective award fees, was originally published in the Defense Acquisition Review Journal (ARJ), Issue 48, July 2008, Vol.

"Show me the money"

Agencies may conduct performance reviews to measure the program's success, and if the agreement is under the award fee pilot program, the assessment may be incorporated into the agency's fee evaluation.

NASA Revives Mentor-Protege Program For Contractors

KBR makes a profit from a base fee of 1 percent of the estimated cost of the work performed and an award fee of up to 8 percent of the estimated cost of the work performed.

Controlling contract costs in the Balkans: U.S. Army Europe has ...

was awarded a $2,417,319 change order increment with an estimated cumulative total of $22,132,691 cost-plus award fee contract for technical, programmatic, and management support to Defense Threat Reduction Agency program offices.

On May 7, 2002, Northrop Grumman

For example, a contractor can be granted costs plus a fixed fee for just meeting standards and an award fee on top of that depending on how far those standards are exceeded.

Analysis of Air Force Contract Implementation

The Second DCA also declined to follow the Fourth DCA's opinion in Spano, which held that there was no basis to award fees pursuant to chapter 61 for a rule 1.

Supreme Court rules in attorneys' fee case

The US government's award fee structure is based on a grading system that scores a number of criteria, including performance, quality, schedule, cost control and management support.

The following was issued by KBR's Interim President of Government and ...