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What is the type of contract that has an award board that uses broad criteria to award fees?
Cost Plus Fixed Fee
Time and Materials
Cost Plus Award Fee
Fixed Price Incentive Fee
Cost Plus Incentive Fee
Other
Cost Plus Award Fee (CPAF) is a type of contract that has an award board that uses broad criteria to award fees. This type of award is more subjective than other types of fees. Award fees can be based on technical achievement, collaboration, cost, schedule, or other factors that are incorporated into the contract. Sometimes there is a small fixed fee and a larger award fee built into the contract.
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