Cost-plus-incentive-fee contracts.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Cost-plus-incentive-fee contracts. 16.304 Section 16.304 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES TYPES OF CONTRACTS Cost-Reimbursement Contracts 16.304 Cost-plus-incentive-fee contracts. A cost-plus-incentive-fee contract is a cost-reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs. Cost-plus-incentive-fee contracts are covered in subpart 16.4, Incentive Contracts. See 16.405–1 for a more complete description and discussion of application of these contracts. See 16.301–3 for limitations. [48 FR 42219, Sept. 19, 1983, as amended at 62 FR 12695, Mar. 17, 1997]