Fix fee in a Pooling Agreement - Online Editor

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How to fix fee in the Pooling Agreement

5 out of 5

21 votes

whats up pool service pros my name is Ryan today I want to talk to you about understanding your service rates and why its important lets get started [Music] feel like understanding your service rate is important because you need to understand where your money is coming from and where your money is going if you dont know this information you cant increase the health of your overall business you may even take on stressful jobs that you dont need to take on pools and areas that you dont want to be in just to docHub your bottom line numbers but if you do understand your numbers you can adjust your business ingly to better suit you and to better suit the financials alright for this class we are going to assume that there are no w2 or 1099 employees working for us we are an owner operator servicing 80 pools on an average of $99 a month per service account thats gonna put our monthly gross income at seven thousand nine hundred and twenty dollars and at that point were gonna start doin

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What is the difference between cost-plus award fee and cost-plus fixed fee?

They each allow for the reimbursement of costs as well as an additional amount for profit: Cost-plus award fee contracts allow the contractor to be awarded a fee usually for good performance. Cost-plus fixed-fee contracts cover both direct and indirect costs, in addition to a fixed fee.

What is a cost-plus fixed fee DOD?

A contract where the contractor recovers actual costs incurred for completed work. The fee awarded is predetermined and set by the contract.

What is the base fee part of a cost-plus award fee contract shall not exceed?

(iii) The base fee shall not exceed three percent of the estimated cost of the contract exclusive of the fee.

What is the award fee pool?

The award-fee pool is the total available award fee for each evaluation period for the life of the contract.

What is a cost-plus fixed fee?

A cost-plus-fixed-fee contract is a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.

How is award fee calculated?

The amount of the award fee to be paid is determined by the Governments judgmental evaluation of the contractors performance in terms of the criteria stated in the award fee plan (which the DFARS requires be made a part of the contract).

What is a cost-plus fixed-fee contract USAID?

Cost-plus-fixed-fee (CPFF): CPFF is the most common type of CR contract USAID uses. In addition to the cost of implementation, CPFF contracts require USAID to pay the contractor a negotiated fee that is fixed at the inception of the contract.

What are the advantages of a cost-plus fixed-fee contract?

One advantage of a Cost Plus Fixed Fee Contract is that it allows for flexibility in pricing as unforeseen expenses arise throughout the project. Additionally, since both parties have visibility into all project-related expenditures, there can be more transparency and trust between them.

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