Submitted by: ZydecoSteve on 6/25/2015. I have two Mohawk Solo 14's in fiberglass that I purchased to share with members of my canoe club. We use them for paddling on flatwater and on small winding rivers.
The Uniform Guidance (UG) simplifies and supersedes guidance that was previously provided in eight different OMB Circulars, including A-110, A-21, and A-133. Provided within the UG are new definitions, uniform administrative requirements for pre and post award, cost principles, and audit requirements.
A fixed-price incentive contract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost. Fixed-price incentive contracts are covered in Subpart 16.4, Incentive Contracts. See 16.403 for more complete descriptions, application, and limitations for these contracts. Prescribed clauses are found at 16.406.