FAR 16.305 Cost-plus-award-fee contracts
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 16.305
- Type
- Section
- Last amended
- 74 FR 52856 Effective Oct 14, 2009
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
A cost-plus-award-fee contract is a cost-reimbursement contract that provides for a fee consisting of (a)a base amount (which may be zero) fixed at inception of the contract and (b)an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance. cost-plus-award-fee contracts are covered in subpart 16.4, Incentive Contracts. See 16.401(e) for a more complete description and discussion of the application of these contracts. See 16.301-3 and 16.401(e)(5) for limitations.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; FAR Case 2008-008, Award Fee Language Revision |
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 16, 17, and 35 | Closed Oct 19, 2026No final rule found |
Sections cited
- FAR Subpart 16.4 Incentive Contracts
- FAR 16.401(e) General
- FAR 16.301-3 Limitations
Quick answers
What is FAR 16.305?
FAR 16.305 is a section of the Federal Acquisition Regulation, titled "Cost-plus-award-fee contracts".
When was FAR 16.305 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; FAR Case 2008-008, Award Fee Language Revision" (74 FR 52856), published Oct 14, 2009 and effective Oct 14, 2009.
Are changes to FAR 16.305 proposed?
One proposed change has no final rule yet.
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