Fee Type

  • Fixed Fee

    The amount paid to the contractor based on the terms of the contract.

  • Award Fee

    The amount paid to the contractor in parts or as one-time payment based on the performance of the contractor.

  • Incentive Fee

    The amount paid when the contractor meets or exceeds the performance targets.

  • Penalty

    The amount paid to the business partner by the contractor in case the terms of the contractual agreement are not met.