The contracting officers are authorized to assess a penalty if a contractor claims an expressly unallowable cost in either the final indirect cost rate proposal or the final statement of costs incurred or estimated to be incurred under a fixed price incentive contract
In these cases the program manager will conduct a business case that includes rationale for why a cost or fixed price incentive contract
was not an appropriate contracting vehicle.
These contractors were awarded the A-12 Full Scale Engineering Development (FSED) contract, which was an incrementally funded fixed price incentive contract
. By late 1990, the contractors were not meeting all the contract specifications and were behind schedule.
United States that research performed pursuant to a fixed price incentive contract with the federal government was not funded for purposes of the research tax credit.(1) Because research was not funded, the taxpayer was entitled to claim the research credit on its tax returns.
The dispute before the Court of Federal Claims related to research credits claimed by Fairchild in connection with a fixed price incentive contract to build a next generation trainer aircraft for the Air Force.
The second describes Fairchild's fixed price incentive contract with the Air Force and the applicable Defense Acquisition Regulations.
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