An organization is considering various contract types in order to motivate sellers and to ensure preferential treatment. What should they consider before deciding to use an award fee contract?
o Payment of an award fee would be linked to the achievement of objective performance criteria.
o Any unresolved dispute over the payment of an award fee would be subject to remedy in court.
o Payment of an award fee would be agreed upon by both the customer and the contractor.
o Payment of an award fee is decided upon by the customer based on the degree of satisfaction.