What does AFEB mean in NASA
Award Fee Evaluation Boards (AFEB) are committees of professionals that review contract performance fees in the Federal Government. They are used for contracts where award fee is used as a form of payment. AFEBs commonly evaluate contractors' performance and make recommendations concerning whether or not an award fee should be paid on such contracts.
AFEB meaning in NASA in Governmental
AFEB mostly used in an acronym NASA in Category Governmental that means Award Fee Evaluation Board
Shorthand: AFEB,
Full Form: Award Fee Evaluation Board
For more information of "Award Fee Evaluation Board", see the section below.
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Essential Questions and Answers on Award Fee Evaluation Board in "GOVERNMENTAL»NASA"
What is an Award Fee Evaluation Board?
An Award Fee Evaluation Board (AFEB) is a committee of professionals that review contract performance fees in the Federal Government.
How does an AFEB work?
An AFEB evaluates contractors' performance and makes recommendations regarding whether or not an award fee should be paid on such contracts.
Who is responsible for creating an AFEB?
The heads of contracting activities with statutory authority to establish evaluation boards execute pricing decisions, usually after considering the recommendation of an AFEB.
How often do AFEBs meet?
AFEB meetings may occur quarterly or semi-annually, depending on the terms outlined in the contract.
Who serves on an AFEB?
Members of an AFEB typically include representatives from contracting offices, program offices, and technical/logistical areas within a business unit.
Final Words:
Award Fee Evaluation Boards (AFEBs) are essential to ensure that Contractor Performance Fees (CPFs) are allocated appropriately in accordance with contract requirements. These boards provide a valuable service and play a critical role in ensuring contractual compliance for Federal Government contracts involving CPF-based payments.