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. 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