A new way to assess contractors
The Obama administration is giving agencies a new, standardized way to assess contractors’ work on award-fee or cost-reimbursement contracts.
The Obama administration is giving agencies a new, standardized way to assess contractors’ work on award-fee or cost-reimbursement contracts. Under the system, contractors will receive bonus money only if they meet or exceed specific preset objectives.
| Adjectival ratings | Award-fee pool available | Description |
| Excellent | 91 to 100 percent | Contractor has exceeded almost all preset objectives of the contract |
| Very good | 76 to 90 percent | Contractor has exceeded many preset objectives of the contract |
| Good | 51 to 75 percent | Contractor has exceeded some preset objectives of the contract |
| Satisfactory | No more than 50 percent | Contractor has met overall criteria |
| Unsatisfactory | 0 percent | Contractor failed to meet overall criteria |
Source: Federal Acquisition Regulation