Base fee and award fee proposal.

As prescribed in 1516.406(b), insert the following provision: Base Fee and Award Fee Proposal (FEB 1999) For the purpose of this solicitation, offerors shall propose a combination of base fee and award fee. Base fee shall not exceed 3% of the estimated cost, excluding fee, and the award fee shall not be less than ____% of the total estimated cost, excluding fee. The combined percentages of base and award fee shall not exceed ____% of the total estimated cost, excluding fee. (End of provision) [64 FR 3876, Jan. 26, 1999, as amended at 81 FR 31528, May 19, 2016; 82 FR 33021, July 19, 2017]