NASA Finalizes New Rule For Contractor Award Fees
The rule was established as an interim rule in February, and codifies NASA's efforts to implement portions of the 2007 and 2009 Defense Authorization acts, which require agencies to better oversee the incentive fee awards paid to contractors. The regulation applies to cost-plus-award-fee contracts, under which contractors are reimbursed for allowed costs and paid a fee based on the contractor's work performance.
The rule would...
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