[Code of Federal Regulations]
[Title 48, Volume 6]
[Revised as of October 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR2452.216-70]

[Page 480]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
         CHAPTER 24--DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
Sec. 2452.216-70  Estimated cost, base fee and award fee.

    As prescribed in 2416.406(e)(1), insert the following clause in all 
cost-plus-award-fee contracts:

            Estimated Cost, Base Fee and Award Fee (FEB 2006)

    (a) The estimated cost of this contract is $[insert amount].
    (b) A base fee is payable in the amount of $[insert amount]. The 
government will make payment of the base fee in [insert number] 
increments on the schedule set forth in the Performance Evaluation Plan 
established by the government. The amount payable shall be based on the 
progress toward completion of contract tasks as determined by the 
Contracting Officer. Payment of the base fee is subject to any 
withholdings as provided for elsewhere in this contract.
    (c) A maximum award fee available for payment is $[insert amount]. 
The government shall make payments of the award fee in accordance with 
the schedule established in the Performance Evaluation Plan and the 
Evaluation Period(s) set forth in the Distribution of Award Fee clause.

                             (End of clause)

[71 FR 2438, Jan. 13, 2006]