1816.001 Definitions.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
As used in this part—
Earned award fee means the payment of the full amount of an award fee evaluation period's score/rating.
Term-determining official means the designated Agency official who reviews the recommendations of the Award-Term Board in determining whether the contractor is eligible for an award term.
Unearned award fee means the difference between the available award fee pool amount for a given award fee evaluation period less the contractor's earned award fee amount for that same evaluation period.
[81 FR 50366, Aug. 1, 2016, as amended at 82 FR 34418, July 25, 2017]
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