Common use of No Fee Clause in Contracts

No Fee. For Cost Type Contracts where no fee is to be paid for performing this Agreement, after payment of 80 percent of the total estimated cost shown in the Agreement, BSA may withhold further payment of allowable cost until a reserve is set aside in an amount considered necessary to protect BSA’s and the Government’s interest. This reserve shall not exceed one percent of BSA’s share of the total estimated cost or $10,000, whichever is less.

No Fee. ‌ For Cost Type Contracts where no fee is to be paid for performing this Agreement, after payment of 80 percent of the total estimated cost shown in the Agreement, BSA may withhold further payment of allowable cost until a reserve is set aside in an amount considered necessary to protect BSA’s and the Government’s interest. This reserve shall not exceed one percent of BSA’s share of the total estimated cost or $10,000, whichever is less.