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What does AF stand for?

AF stands for Award Fee

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

  • Military and Government

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Other Resources:
We have 83 other meanings of AF in our Acronym Attic

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).
The GAO had claimed that: * DoD engages in practices that undermine efforts to motivate contractor performance and that do not hold contractors accountable for achieving desired acquisition outcomes; and * DoD Programs frequently pay most of the available award fee for what they describe as improved contractor performance, regardless of whether acquisition outcomes fell far short of DoD's expectations, were satisfactory, or exceeded expectations (GAO, 2005).
is being awarded a $7,711,464 firm-fixed-price, cost-plus-fixed-fee, cost plus award fee contract modification to provide for monitor and track the GPS satellite includes: a) contractor development support, b) sustainment CLS, c) level 2 software maintenance, d) depot hardware maintenance, and e) sustainment engineering support.