48 CFR 1816.001 – Definitions
Current as of: 2024 | Check for updates
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As used in this part—
Earned award fee means the payment of the full amount of an award fee evaluation period’s score/rating.
Term-determining official means the designated Agency official who reviews the recommendations of the Award-Term Board in determining whether the contractor is eligible for an award term.
Unearned award fee means the difference between the available award fee pool amount for a given award fee evaluation period less the contractor’s earned award fee amount for that same evaluation period.