Costpoint Online Help

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Award Fee Subtask

Use the table window in this subtask to enter the award fee information for this project modification.

Award fees are usually stipulated during contract negotiation. They are generally awarded without regard to other fixed fees or billable labor rates. Award fees may be given for quality, timeliness, technical ingenuity, or cost-effective management. Generally there is a period of time over which a project is evaluated for the award fee that is known as the award fee period. Most companies elect to accrue some of this award fee during the award fee period. You can use this screen to enter the details of the award fee. 

The Compute Revenue process uses the amounts entered in the Contract Award Fee and Funded Award Fee columns to compute award fee for the award fee period. Use the Contract Award Fee column to enter an estimated award fee for the award fee period. The Compute Revenue screen uses the amount entered in the Contract Award Fee column to determine the amount of award fee to accrue during the award fee period based on the accrual method selected on the Manage Revenue Information screen. Use the Funded Award Fee column to enter the award fee after the final amount has been determined by the customer. The Compute Revenue process adjusts the award fee to the amount entered in the Funded Award Fee column the next time the Compute Revenue process is executed.

You must establish an award fee period for each award fee entered. Each award fee period must be unique and cannot overlap. You cannot cross fiscal years during an award fee period. If your award fee period must cross fiscal years, you can set up an award fee for each fiscal year and estimate the amount of contract value award fee for each fiscal year. All revenue computations are calculated by award fee period.

After you have established an award fee period and saved the screen, you cannot modify the starting period and subperiod for the award fee period.

The amounts entered in the Contract Award Fee and Funded Award Fee columns serve as ceilings for the amount of award fee accrued for the award fee period. No ceilings are available for award fee on the Manage Total Ceilings screen.

You must have set up a record on the Manage Revenue Information screen in order to enter award fee information in this screen because you can enter award fee only at the revenue level of the project. Establish your award fee in this screen and select an accrual method on the Manage Revenue Information screen before you compute revenue for the award fee period.

Table Window

Field Description
Mod ID

This non-editable field displays the modification ID, which defaults from the main screen.

Description

Enter the award fee description in this field. The default for this field is the modification description from the main screen. 

Fiscal Year

Enter, or click to select, the fiscal year for which you want to establish the award fee period. After you enter a fiscal year in this field and save the record, you cannot modify the fiscal year.

The fiscal year entered in this field is the fiscal year for the award fee period. You cannot enter an award fee period that involves two fiscal years. You must set up two award fee periods using each fiscal year if you have a multiple fiscal year award fee period. Estimate the amount of contract award fee that is necessary for each fiscal year. You can use the Award Fee Adjust Amount field on the Revenue Adjustments subtask of the Manage Revenue Information screen to adjust award fee amounts from prior years. 

Starting Pd

Enter, or click to select, the starting period for the award fee period. The period must exist on the Manage Accounting Periods screen. After you enter a starting period in this field and save the record, you cannot modify the starting period.

Starting Subpd

Enter, or click to select, the starting subperiod for the award fee period.  The subperiod must exist on the Manage Subperiods screen. After you enter a starting subperiod in this field and save the record, you cannot modify the starting subperiod.

Ending Pd

Enter, or click to select, the ending period for the award fee period. The period must exist on the Manage Accounting Periods screen.

Ending Subpd

Enter, or click to select, the ending subperiod for the award fee period. The subperiod must exist on the Manage Subperiods screen.

Contract Award Fee

Enter the contract award fee amount for this award fee period. Use this field to estimate the award fee amount for the award fee period. 

Costpoint uses the amount entered in this field to calculate award fee. The Compute Revenue screen uses the amount entered in this field as a ceiling for the award fee period.

This amount displays on the Award Fee subtask of the Manage Revenue Information screen.  

Funded Award Fee

Enter the funded award fee amount in this field. Enter an amount in this field when the final award fee amount has been determined for the award fee period. The Compute Revenue screen adjusts the cumulative award fee for the award fee period to the amount in this field the next time that the Compute Revenue process is executed.  

This amount displays on the Award Fee subtask of the Manage Revenue Information screen.