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e-CFR data is current as of February 25, 2021 |
Title 48 → Chapter 1 → Subchapter C → Part 16 → Subpart 16.2 → §16.205-1 |
Title 48: Federal Acquisition Regulations System
PART 16—TYPES OF CONTRACTS
Subpart 16.2—Fixed-Price Contracts
16.205-1 Description.
A fixed-price contract with prospective price redetermination provides for (a) a firm fixed price for an initial period of contract deliveries or performance and (b) prospective redetermination, at a stated time or times during performance, of the price for subsequent periods of performance.