CPFF completion contract and LOE
Started by rose2010 · Oct 18, 2012 · 1 replies
- rOriginal post
rose2010
Oct 18, 2012 · 13y ago
On a CPFF completion type of a contact is there any concern about holding positions to LOE? Do I as the contractor need to keep track of LOE and do I (contractor) need to state that number to USAID (assuming it is not specifically stated in the contract). If I receive approval from USAID and have stated LOE
- Are we the contracrot - held to that amount of LOE in the approval given by USAID (even though it isn't a CPFF Term contract)
- If we the contractor exceed the LOE, do we need to seek USAID approval and if so, do we get an allowable overage percentage ?
- G
Guest Vern Edwards
Oct 19, 2012 · 13y ago
I do not really understand your inquiry, but LOE tracking is inconsistent with CPFF completion. Your best bet is to direct your inquiry to your customer to find out what they expect from you.