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Award Fee Subtask

Use this subtask to select an award fee accrual method and enter a fee percentage or a fixed accrual amount.

You can also view the award fee period and the contract award fee that was entered on the Award Fee subtask of the Manage Modifications screen.

Use this screen after you have established the award fee period and contract award fee on the Award Fee subtask of the Manage Modifications screen. You must select an accrual method before you compute revenue.

Table Window

Field	Description
Mod Id	This field displays the modification number for this project.
Description	This non-editable field displays the award fee description. This description is established on the Award Fee subtask of the Manage Modifications screen.
Fiscal Year	This non-editable field displays the fiscal year of the award fee period. The fiscal year of the award fee period is established on the Award Fee subtask of the Manage Modifications screen. The fiscal year in this field is both the beginning and the ending fiscal year, as award fee periods cannot cross fiscal years.
Starting Period	This non-editable field displays the starting period of the award fee period. The starting period for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Starting Subperiod	This non-editable field displays the starting subperiod of the award fee period. The starting subperiod for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Ending Period	This non-editable field displays the ending period of the award fee period. The ending period for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Ending Subperiod	This non-editable field displays the ending subperiod of the award fee period. The ending subperiod for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Accrual Method	Use the drop-down list to select an accrual method for the award fee period. Valid options are: Percent of Costs: Use the percent of cost award fee accrual method if you want to base the award fee accrual on a percentage of allowable costs incurred. If you select this method, the award fee is accrued by performing organization, as it is based on costs incurred. The amount of accrued award fee is limited by the total amount in the Contract Award Fee field for an award fee period. Any over-ceiling amount is recorded at the revenue level of the project using the owning organization. You must enter a fee percentage in the Award Fee Accrual Percent field to use this method. Fixed Amount: Use the fixed amount award fee accrual method if you want to accrue the same amount for each period of the award fee period. Costpoint automatically divides the amount in the Contract Award Fee column by the number of periods in the award fee period and displays this amount in the Award Fee > Accrual > Amount field. You can modify this amount if necessary.
Award Fee Accrual Pct	Enter the percent of allowable costs that you want to accrue for the award fee period. This field is available only if you have selected the Percent of Costs accrual method in the Accrual Method field. Costpoint computes the award fee by multiplying the fee percent entered in this field by the allowable costs at the transaction level. You cannot enter a fee percent in excess of 100% or a negative percentage in this field.
Award Fee Accrual Amt	This field displays the fixed amount calculated by dividing the total contract award fee by the number of periods in the award fee period. This field is available only if you selected the Fixed Amount method in the Accrual Method field. You can modify the amount displayed in this field.
Contract Award Fee	This non-editable field displays the contract award fee. The contract award fee is established on the Award Fee subtask of the Manage Modifications screen. Any modifications to the contract award fee must be made in that screen.
Funded Award Fee	This field displays the amount of funded award fee for this award fee period.
Award Fee Act Amt	This field displays the cumulative-to-date award fee accrued for the award fee period using actual rates (PROJ_SUM. AWARD_FEE_ACT_AMT less OVER_ACT_AWRD_AMT). This value cannot exceed the Contract Award Fee. This field is updated by the Compute Revenue screen.
Award Fee Tgt Amt	This field displays the cumulative-to-date award fee accrued for the award fee period using target rates (PROJ_SUM. AWARD_FEE_TGT_AMT less OVER_TGT_AWRD_AMT). This value cannot exceed the Contract Award Fee. This field is updated by the Compute Revenue screen. Note: If your Accrual Method is Fixed Amount, the values in the Award Fee Tgt Amt and Award Fee Act Amt fields are equal.

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Award Fee Subtask

Use this subtask to select an award fee accrual method and enter a fee percentage or a fixed accrual amount.

You can also view the award fee period and the contract award fee that was entered on the Award Fee subtask of the Manage Modifications screen.

Use this screen after you have established the award fee period and contract award fee on the Award Fee subtask of the Manage Modifications screen. You must select an accrual method before you compute revenue.

Table Window

Field	Description
Mod Id	This field displays the modification number for this project.
Description	This non-editable field displays the award fee description. This description is established on the Award Fee subtask of the Manage Modifications screen.
Fiscal Year	This non-editable field displays the fiscal year of the award fee period. The fiscal year of the award fee period is established on the Award Fee subtask of the Manage Modifications screen. The fiscal year in this field is both the beginning and the ending fiscal year, as award fee periods cannot cross fiscal years.
Starting Period	This non-editable field displays the starting period of the award fee period. The starting period for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Starting Subperiod	This non-editable field displays the starting subperiod of the award fee period. The starting subperiod for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Ending Period	This non-editable field displays the ending period of the award fee period. The ending period for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Ending Subperiod	This non-editable field displays the ending subperiod of the award fee period. The ending subperiod for the award fee period is established on the Award Fee subtask of the Manage Modifications screen.
Accrual Method	Use the drop-down list to select an accrual method for the award fee period. Valid options are: Percent of Costs: Use the percent of cost award fee accrual method if you want to base the award fee accrual on a percentage of allowable costs incurred. If you select this method, the award fee is accrued by performing organization, as it is based on costs incurred. The amount of accrued award fee is limited by the total amount in the Contract Award Fee field for an award fee period. Any over-ceiling amount is recorded at the revenue level of the project using the owning organization. You must enter a fee percentage in the Award Fee Accrual Percent field to use this method. Fixed Amount: Use the fixed amount award fee accrual method if you want to accrue the same amount for each period of the award fee period. Costpoint automatically divides the amount in the Contract Award Fee column by the number of periods in the award fee period and displays this amount in the Award Fee > Accrual > Amount field. You can modify this amount if necessary.
Award Fee Accrual Pct	Enter the percent of allowable costs that you want to accrue for the award fee period. This field is available only if you have selected the Percent of Costs accrual method in the Accrual Method field. Costpoint computes the award fee by multiplying the fee percent entered in this field by the allowable costs at the transaction level. You cannot enter a fee percent in excess of 100% or a negative percentage in this field.
Award Fee Accrual Amt	This field displays the fixed amount calculated by dividing the total contract award fee by the number of periods in the award fee period. This field is available only if you selected the Fixed Amount method in the Accrual Method field. You can modify the amount displayed in this field.
Contract Award Fee	This non-editable field displays the contract award fee. The contract award fee is established on the Award Fee subtask of the Manage Modifications screen. Any modifications to the contract award fee must be made in that screen.
Funded Award Fee	This field displays the amount of funded award fee for this award fee period.
Award Fee Act Amt	This field displays the cumulative-to-date award fee accrued for the award fee period using actual rates (PROJ_SUM. AWARD_FEE_ACT_AMT less OVER_ACT_AWRD_AMT). This value cannot exceed the Contract Award Fee. This field is updated by the Compute Revenue screen.
Award Fee Tgt Amt	This field displays the cumulative-to-date award fee accrued for the award fee period using target rates (PROJ_SUM. AWARD_FEE_TGT_AMT less OVER_TGT_AWRD_AMT). This value cannot exceed the Contract Award Fee. This field is updated by the Compute Revenue screen. Note: If your Accrual Method is Fixed Amount, the values in the Award Fee Tgt Amt and Award Fee Act Amt fields are equal.