52.216-8 Fixed Fee.
As prescribed in 16.307(b), insert the following clause in
solicitations and contracts when a cost-plus-fixed-fee contract
(other than a facilities contract or a construction contract) is
FIXED FEE (APR 1984)
(a) The Government shall pay the Contractor for performing this
contract the fixed fee specified in the Schedule.
(b) Payment of the fixed fee shall be made as specified in the
Schedule; provided, that after payment of 85 percent of the fixed
fee, the Contracting Officer may withhold further payment of fee
until a reserve is set aside in an amount that the Contracting
Officer considers necessary to protect the Government's interest.
This reserve shall not exceed 15 percent of the total fixed fee or
$100,000, whichever is less.
(End of clause)
(R 7-203.4(a) 1978 SEP)
(R 7-402.3(a) and (c)(7))
(R 1-7.402-3(a) and (b)(5))
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