Award Fee Pool Clause Samples

Award Fee Pool. The At Risk Portion shall be used to establish and fund an award fee pool (“the Award Fee Pool”). Within sixty (60) days after approval and fully execution of this Agreement, the Department shall appoint a committee that will determine entitlement to those portions of the Award Fee Pool so designated below (such committee, the “Award Fee Evaluation Committee”). The Award Fee Evaluation Committee will consist of: (i) the Department’s Deputy Director for Capital Construction;

Award Fee Pool. Total .................................... ................ ................ ................ ................ ................ ................ Other direct cost item Option 1 Option 2

Award Fee Pool. The At-Risk Portion shall be used to establish and fund an award fee pool (“the Award Fee Pool”). Within sixty (60) days after approval and fully execution of this Agreement, the Department shall appoint a committee that will determine entitlement to those portions of the Award Fee Pool so designated below (such committee, the “Award Fee Evaluation Committee”). The Award Fee Evaluation Committee will consist of: (i) the Department’s Deputy Director for Capital Construction; (ii) a senior representative from the Client Agency; and (iii) a senior member of the Program Management team that is not involved in the day-to-day management of this Project that is acceptable to both Parties.

Award Fee Pool. The Contractor shall be evaluated six months after commencement of performance, and every six months thereafter by the Government for the base period of the contract; and every six months of each option year, if exercised. Unearned fee in any single evaluation period or year may not be carried forward into a subsequent evaluation period or year.

Award Fee Pool. The At Risk Portion shall be used to establish and fund an award fee pool (“the Award Fee Pool”). Within sixty (60) days after approval and fully execution of this Agreement, the Department shall appoint a committee that will determine entitlement to those portions of the Award Fee Pool so designated below (such committee, the “Award Fee Evaluation Committee”). The Award Fee Evaluation Committee will consist of: (i) the Department’s Deputy Director for Capital Construction or their designee; (ii) DOC Chief of Facilities or their designee; (iii) DGS Contracting Officer or their designee; (iv) DGS Capital Construction representative; and (v) DOC Facilities representative. Committee members shall not include an individual who has day-to-day interactions or involvement on the Project, or an individual who is presently involved in an active project with the Design-Builder.