Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Cost Plus Award Fee Contract (CPAF)”
  • Cost Plus Award Fee Contract (CPAF)

    A cost reimbursement contract that provides for a base fee amount fixed at inception of a contract, and an additional fee to be determined at time of fee award that is based on an evaluation by the purchaser as to the quality of the contract performance, and the evaluator’s assessment as to the fee amount necessary to motivate the contractor toward excellence.

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