DTIC ADA107465: Determination of Contract Suitability to pdf

DTIC ADA107465: Determination of Contract Suitability to

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Description of the Book:

The concept of the Award Fee contract has existed within the federal government since the 1950s. The Navy and the National Aeronautical and Space Administration used Award Fee contracts on a limited basis in the early 1960s. The Air Force still considered their use experimental as late as 1978. In FY 79 Award fee accounted for 2.9 percent of all contracts over $10,000, and totaled over $1.5 billion. An estimate of the government’s administrative costs for a moderate-sized Award Fee program was $115,000 annually. The burden of the administrative costs is considered to be justified when the government realizes greater benefits as a result of the Award Fee provision. There is a general lack of definitive guidance for evaluating the suitability of any contract to the Award Fee concept. With no formalized guidelines for the selection of a contract, there is no objective way to judge the possible, or probable, cost to benefit ratio of a given contract

• Creator/s: Defense Technical Information Center
• Date: 6/1/1981
• Year: 1981
• Book Topics/Themes: DTIC Archive, McLelland, Holly R, AIR FORCE INST OF TECH WRIGHT-PATTERSON AFB OH SCHOOL OF SYSTEMS AND LOGISTICS, *CONTRACT ADMINISTRATION, *INCENTIVE CONTRACTS, *AIR FORCE PROCUREMENT, *AWARDS, MANAGEMENT PLANNING AND CONTROL, DECISION MAKING, COST EFFECTIVENESS, AIR FORCE RESEARCH, STATISTICAL DATA, COSTS, STATISTICAL ANALYSIS, MOTIVATION, BENEFITS

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