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e-CFR data is current as of April 8, 2021 |
Title 48 → Chapter 1 → Subchapter C → Part 16 → Subpart 16.2 → §16.207-1 |
Title 48: Federal Acquisition Regulations System
PART 16—TYPES OF CONTRACTS
Subpart 16.2—Fixed-Price Contracts
16.207-1 Description.
A firm-fixed-price, level-of-effort term contract requires (a) the contractor to provide a specified level of effort, over a stated period of time, on work that can be stated only in general terms and (b) the Government to pay the contractor a fixed dollar amount.