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Current as of January 02, 2025 | Updated by Findlaw Staff
As prescribed in 1816.406–70(e), insert the following clause:
Estimated Cost and Award Fee (SEP 1993)
The estimated cost of this contract is $___. The maximum available award fee, excluding base fee, if any, is $___. The base fee is $___. Total estimated cost, base fee, and maximum award fee are $___.
(End of clause)
Alternate I (SEP 1993). As prescribed in 1816.405–70(e), insert the following sentence at the end of the clause:
The maximum positive performance incentive is $___. The maximum negative performance incentive is (1).
(1) For research development hardware contracts, insert [equal to total earned award fee (including any base fee)]. For production hardware contracts, insert [$total potential award fee amount, including any base fee].
(End of clause)
Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.1852.216-85 Estimated cost and award fee - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-1852-216-85/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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