Common use of Award Fee Pool Clause in Contracts

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;