Administracja i zamówienia · 20/06/1996

Federal Acquisition Regulation; Performance Incentives for Fixed- Price Contracts

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council are proposing to amend the Federal Acquisition Regulation (FAR) by allowing performance incentives alone and not just when performance incentives are coupled with cost incentives. Thus award fees will be allowed in fixed-price contracts. Also, they have agreed to some editorial changes to the related clauses.This regulatory action was not subject to Office of Management and Budget review under Executive Order 12866, dated September 30, 1993. This is not a major rule under 5 U.S.C. 804.