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DOE/PR | RIN: 1991-AC06 | Publication ID: Spring 2016 |
Title: Provisional Payment of Fee or Profit | |
Abstract:
This rulemaking amends the DOE Acquisition Regulation to incorporate a "Provisional Payment of Fee or Profit" clause for incentive-type contracts. Provisional payment of fee or profit will allow the Government to provide provisional fee or profit to a contractor at interim times or events as established in the contract in addition to any earned fee or profit based upon the incentive formula. Whereas earned fee or profit belongs to the contractor, provisional fee or profit may be recouped by the Government if the final product or service does not meet contract incentive requirements and has not been earned at final inspection and acceptance. |
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Agency: Department of Energy(DOE) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: Undetermined | Unfunded Mandates: Undetermined |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 42 U.S.C. 7101 et seq. 42 U.S.C. 2401 et seq. |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Undetermined | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Mike Dombrowski Procurement Analyst, Acquisition Management, MA-611 Department of Energy Acquisition and Project Management Department of Energy, 1000 Independence Avenue SW., Washington, DC 20585 Phone:202 287-1828 Email: michael.dombrowski@hq.doe.gov |