Home » NOAA’s Cost-Plus-Award-Fee and Award-Term Processes Need to Support Fees and Extensions by Andrew Katsaros
NOAA’s Cost-Plus-Award-Fee and Award-Term Processes Need to Support Fees and Extensions Andrew Katsaros

NOAA’s Cost-Plus-Award-Fee and Award-Term Processes Need to Support Fees and Extensions

Andrew Katsaros

Published May 18th 2012
ISBN :
ebook
26 pages
Enter the sum

 About the Book 

In December 2007, the Office of Management and Budget’s Office of Federal Procurement Policy issued guidance to chief acquisition officers and senior procurement executives to review and update their acquisition policies on the appropriate use ofMoreIn December 2007, the Office of Management and Budget’s Office of Federal Procurement Policy issued guidance to chief acquisition officers and senior procurement executives to review and update their acquisition policies on the appropriate use of incentive contracts. In this audit, the Department Commerce Inspector General assessed award-fee and award-term ratings and payments made by National Oceanic and Atmospheric Administration (NOAA), based on documentation used to support them, and evaluated NOAA’s award-fee and award-term guidance, payment structure, and evaluation criteria for nine incentive contracts: four CPAF contracts, four CPAT contracts, and one contract with both award fees and terms.