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e-CFR data is current as of March 5, 2021

Title 48Chapter 1Subchapter CPart 16Subpart 16.2 → §16.206-3

Title 48: Federal Acquisition Regulations System
Subpart 16.2—Fixed-Price Contracts

16.206-3   Limitations.

This contract type shall not be used unless—

(a) The contract is for research and development and the estimated cost is the simplified acquisition threshold or less;

(b) The contractor's accounting system is adequate for price redetermination;

(c) There is reasonable assurance that the price redetermination will take place promptly at the specified time; and

(d) The head of the contracting activity (or a higher-level official, if required by agency procedures) approves its use in writing.

[48 FR 42219, Sept. 19, 1983, as amended at 75 FR 53133, Aug. 30, 2010; 85 FR 40067, July 2, 2020]

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