Download or read book Appropriate Award Fee Conversion Scales Can Enhance Incentive for Contractor Performance written by CreateSpace Independent Publishing Platform and published by Createspace Independent Publishing Platform. This book was released on 2018-07-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Appropriate award-fee conversion scales can enhance incentive for contractor performance .
Download or read book Appropriate Award Fee Conversion Scales Can Enhance Incentive for Contractor Performance written by and published by . This book was released on 2008 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contracts and related guidelines did not specify the type of award-fee conversion scale that was to be used in calculating award fees under these contracts, and the government agencies involved in managing the contracts used the same scale for calculating award fees for all sectors and all award-fee periods. The conversion scale used, however, was not a type recommended by the U.S. Army in that it did not provide proper incentives for contractors to strive for better-thanexpected results. For example, the scale awarded no fee for a performance score of less than 60, but did award a fee of at least 60 percent of the fee pool for a score of at least 60. Thus, a performance score of 65, which is in the Good range and barely above the award threshold, would bestow on the contractor 65 percent of the award-fee pool. Use of this scale represented a departure from best practices recommended by the Army and reduced the incentive for improved contractor performance. The Army Contracting Agency Award Fee Contracts Handbook was issued in September 2003 to provide information and guidelines for developing and administering this type of contract. The ACA handbook is intended to be a living document, updated to reflect current best practices and policy concerning award fee contracts, and to be responsive to the needs of the ACA acquisition community. The handbook suggests different types of conversion scales that could be used to create incentives for the contractor to achieve superior results. However, a common characteristic of effective incentives on all of the recommended scales is that the percentage of the fee awarded for meeting the minimum threshold begins at zero, not 60. For example, one of the conversion scales recommended by the ACA is called the cubic-distribution award-fee scale, in which a score of 70 would translate to an award of only 19 percent of the fee pool.
Download or read book Appropriate Award fee Conversion Scales Can Enhance Incentive for Contractor Performance written by United States. Office of the Special Inspector General for Iraq Reconstruction and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Plus Award Fee Contracting Guide written by United States. National Aeronautics and Space Administration and published by . This book was released on 1967 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Register written by and published by . This book was released on 2013-09 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Register written by and published by . This book was released on 1999 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Performance Award Fee and Cost Incentives During System Design and Development written by and published by . This book was released on 2010 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis addresses the use of Performance Incentives and Award Fees in DoD contracting, during System Development and Demonstration (SDD). There is discussion of the F/A-18E/F contract that included cost-sharing, Performance Incentives and Award Fees. However, we first discuss recent GAO criticism of profits received on Award Fee contracts and the response by DoD and other organizations. Next, the general policy guidelines established in 1969 by DoD and NASA that are still in effect are reviewed, as are the recommendations made by academic economists beginning in the 1970s. We also discuss the recent introduction of System Design Specifications. While these specifications contain a great deal of information that can be used when developing Performance Incentives and Award Fees, this new policy represents a movement away from performance specifications and may constrain a contractor's ability to make trade-off decisions. The broad conclusion of this analysis is that the intuition obtained from the 1969 DoD and NASA Guide might be combined with that of economists when properly structuring incentive contracts. This may help achieve the objectives of the government when there is pervasive cost uncertainty, challenging performance characteristics, and certain contractor actions not easily observable by the government.
Download or read book Code of Federal Regulations written by and published by . This book was released on 1984 with total page 1164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
Download or read book Department of Defense Appropriations for 1963 written by United States. Congress. Senate. Committee on Appropriations and published by . This book was released on 1962 with total page 1898 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Appropriations for 1963 Hearings Before 87 2 on H R 11289 written by United States. Congress. Senate. Appropriations Committee and published by . This book was released on 1962 with total page 1888 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Best IT Practices in the Federal Government written by G. Edward DeSeve and published by . This book was released on 1997 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Procurement Law written by United States. Department of the Army and published by . This book was released on 1972 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book DOE s Safety and Health Program for Enrichment Plant Workers written by United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Energy, Nuclear Proliferation, and Federal Services and published by . This book was released on 1980 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Military Supply and Service Activities on the Economy written by United States. Congress. Economic Joint Committee and published by . This book was released on 1963 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Department of Defense Appropriations for written by United States. Congress. House. Committee on Appropriations and published by . This book was released on 1963 with total page 1130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Impact of Military Supply and Service Activities on the Economy written by États-Unis. Congress. Joint economic committee and published by . This book was released on 1963 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt:
