Cost plus award fee (CPAF) contract

Cost plus award fee (CPAF) contract,

Definition of Cost plus award fee (CPAF) contract:

  1. Cost plus contract where a contractor is offered an incentive award amount that may be earned (in part or in full) based on the excellence displayed in contract completion time, cost effectiveness, quality of work, and technical ingenuity.

Meaning of Cost plus award fee (CPAF) contract & Cost plus award fee (CPAF) contract Definition