Federal Acquisition Regulation; Performance Incentives for Fixed- Price Contracts
other · US Department of Defense · Rule · Published 1997-03-17 · Effective 1997-05-16 · 62 FR 12695
Document
Document number
97-6313
Federal Register citation
62 FR 12695
CFR reference
48 CFR 16
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
1997-03-17
Effective date
1997-05-16
DOD docket
FAC 90-46
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed on a final rule amending the Federal Acquisition Regulation (FAR) to permit the use of award-fee provisions as performance incentives in fixed-price contracts. This regulatory action was not subject to Office of Management and Budget review under Executive Order 12866, dated September 30, 1993. This is not a major rule under 5 U.S.C. 804.