FEDERAL CONTRACTING: Guidance on Award Fees Has Led to Better Practices but Is Not Consistently Applied

Abstract

From fiscal year 2004 through fiscal year 2008, agencies have spent over $300 billion on contracts that include monetary incentives, or award fees, for performance that is evaluated against subjective criteria. OMBs guidance on using award fees includes principles such as limiting the opportunities for earning unearned fees in subsequent periods, linking award fees to acquisition outcomes, designing evaluation criteria to motivate excellent performance, and not paying for performance that is unsatisfactory.

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Document Details

Document Type
Technical Report
Publication Date
May 01, 2009
Accession Number
AD1171742

Entities

People

  • John Hutton

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Human Systems
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Best Practices
  • Business Administration
  • Congress
  • Contractors
  • Contracts
  • Cost Benefit Analysis
  • Cost Reimbursement Contracts
  • Costs
  • Department Of Defense
  • Department Of Homeland Security
  • Governments
  • Health Services
  • Homeland Security
  • Law
  • Management Personnel
  • National Security
  • Organizational Structure
  • Procurement
  • Security
  • Test And Evaluation
  • United States
  • United States Government

Readers

  • Economics
  • Government Contracting/Procurement.
  • Systems Analysis and Design