Provisional payment of fee definition

Provisional payment of fee for an incentive means the Government is paying available fee for an incentive to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.
Sample 1Sample 2Sample 3
Provisional payment of fee means the Government’s paying available fee to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee. b. The Government’s determination that the Contractor has met the requirements for the provisional payment of fee has no implications for the Government’s eventual determination that the Contractor has or has not earned the associated available fee for the incentive. Provisional payment of fee is a separate and distinct concept from earned fee. The Contractor could in some instances, for example, receive 100% of possible provisional fee payments yet not earn any fee (the Contractor would be required to return all of the provisional fee payments). The Contractor could in other instances, for example, receive 0% of possible provisional fee payments yet earn the entire amount of available fee (it would not receive any fee payments until the Government’s determination that the Contractor had earned the associated available fee for the incentive). Determinations of earned fee will be made in the final evaluation at the end of the Task Order period of performance. All payments made by the Government to the Contractor related to fee prior to the end of the Task Order’s period of performance will be provisional payments of fee.If during the Contractor’s performance of the Task Order, the Government estimates the Contractor will not earn fee, provisional payments of fee will end and the Contractor must immediately return all provisional payments of fee. If during the Contractor’s performance of the Task Order, the Government estimates the Contractor will not earn fee equal to provisional payments of fee already made, provisional payments of fee will end and the Contractor must immediately return all provisional payments of fee that exceed the amount of fee the Government estimates the Contractor will earn. After the Government has made its determination of earned fee at the end of the Task Order’s period of performance, the Government will pay the Contractor (if the earned fee exceeds provisional payments of fee retained) or the Contractor will refund the Government (if the provisional payments of fee retained exceed the earned fee) the difference between earned fee and provisional payments of fee retained. c. Beginning at issuance of the Notice to Proceed, the Government will begin evaluating the Contractor’s performance in accordance with the Award Fee Plan (also known as a...
Sample 1

Examples of Provisional payment of fee in a sentence

  • Provisional payment of fee is a separate and distinct concept from earned fee.

  • Provisional payment of fee has no implications for the Government’s eventual determination that the Contractor has or has not earned the associated available fee.

  • Provisional payment of fee will be subject to other relevant clauses of the contract including retainage.

  • Provisional payment of fee for an incentive means the Government’s paying available fee for an incentive to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.

  • Provisional payment of fee is a separate and distinct concept from Earned Fee.

  • LBL Startup and Commissioning Performance Based Incentive Fee LBL Startup and Commissioning Performance Based Incentive Fee Provisional payment of fee is authorized for the “LBL Startup and Commissioning Performance Based Incentive Fee.” Provisional fee of 50% of the total PBIs will be paid monthly upon a determination by the Contracting Officer that the Contractor is making satisfactory progress toward completion of the applicable incentive.

  • Provisional payment of fee for CLIN 0002 shall be requested by the Contractor and approved by the Contracting Officer in accordance with Section J, Appendix B-2, UPF Fee Plan and Supplementary Annexes.

  • Provisional payment of fee for an incentive means the Government’s paying available fee to the Contractor for making progress towards meeting the performance measures for the incentive before the Contractor has earned the available fee.

  • Provisional payment of fee will remain subject to withholding provisions, such as in FAR 52.216-8, Fixed Fee.

  • Provisional payment of fee will be subject to other relevant clauses of the contract including withholding per FAR 52.216-8.

Related to Provisional payment of fee

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Exit Fee shall have the meaning specified in the Fee Letter.

  • Mandatory Guest Fee means any separate fee that a patron or guest is charged for in addition to the base room rate for a guest room, including but not limited to resort fees, facility fees, destination fees, amenity fees, urban destination fees, or any other similar fee. Mandatory Guest Fees do not include employee gratuities, state or local mandatory taxes, and other tax-like fees and assessments that are levied on a stay, as determined by us, that are passed through to a third party (such as tourism public improvement district fees, tourism or improvement assessments, and convention center fees).

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.