With increased scrutiny of contract flexibilities and abuse-prone contracts, agencies and contractors need to ensure incentive and award-fee contracts are formulated on a solid, measurable baseline, executed and documented by the book.

The Incentive and Award Fee Workshop provides attendees with increased understanding of the rules and principles of Award and Incentive Fee contracts. Interactive coursework provides clear understanding of the application and structure of Award and Incentive Fee contracts. Attendees will strengthen their understanding and gain insight into the tools and methods used to structure, implement, monitor, and comply with Award and Incentive Fee contracts.

Topics Covered:

  •  How Incentive and Award Contract arrangements are used
  • Risk, Performance Management and Contract Type Selection
  • In depth review of specific contract structures:
  • Firm Fixed Price
  • Fixed Price with Economic Price Adjustment
  • Fixed Price Incentive Firm Target
  • Fixed Price Award Fee
  • Fixed Price Incentive with Successive Targets
  • Fixed Price with Prospective Price Redetermination
  • Fixed Price with Retroactive Price Redetermination
  • Time and Materials – Labor Hours
  • Cost Plus Percentage of Cost
  • Cost Plus Incentive Fee
  • Cost Plus Fixed Fee
  • Cost Plus Award Fee
  • A ward fee plans

Learning Objectives:

  • Apply provisions of incentive and award contracts
  • Apply provisions of incentive and award contracts
  • Differentiate between contract types and know when to use them

Who Should Attend:

  • CFOs, CEOs, COOs
  • Program Managers
  • Contract Administrators
  • Auditors
  • Financial managers
  • Contract compliance officers
  • Contracting Officers/ACOs
  • CORs
  • Contract Specialists
  • Treasurers
  • Controllers

What’s Included:

  • Breakfast
  • Light refreshments
  • Course materials


Book now!

Course Number: FC73


No classes are currently scheduled. Please contact us to inquire about availability or booking an on-site class.