No award fee should be paid for performance that is graded less than satisfactory.
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
See other definitions of AF
We have 83 other meanings of AF in our Acronym Attic
- Autofrettage (metal fabrication technique)
- Automatic Focus (camera)
- Automatic Following
- Auxiliary Carry Flag
- Auxiliary Feed
- Auxiliary Funds
- Availability Factor
- Availability of the Fiber Cable
- Aviation Fuel
- Store(s) Ship
- Air Force Communications-Electronics Supply Working Group
- Air Force Composite Command
- Air Force Component Surgeon
- Air Force Data Communications
- Air Force Oil Analysis Program Office
- Air Force Responsibility Center/Cost Center
- Air Force Technology Transfer Integrated Planning Team
- abdominal fat percentage
- Ancient, Free, & Accepted Masons
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).
The contract includes an award fee plan and semi-annual award fee periods throughout the life of the contract.
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.
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.
But when courts award fees to prevailing parties, they are not trying to replicate the market; they are advancing their own vision of public policy.