48 C.F.R. · Federal Acquisition Regulations System
48 C.F.R. § 16.205.3

Limitations.

Title 48 C.F.R. ● ACTIVE Primary Source
Regulatory Text

48 C.F.R. § 16.205.3 — Limitations.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Limitations. 16.205-3 Section 16.205-3 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACTING METHODS AND CONTRACT TYPES TYPES OF CONTRACTS Fixed-Price Contracts 16.205–3 Limitations. This contract type shall not be used unless— (a) Negotiations have established that (1) the conditions for use of a firm-fixed-price contract are not present (see 16.202–2), and (2) a fixed-price incentive contract would not be more appropriate; (b) The contractor's accounting system is adequate for price redetermination; (c) The prospective pricing periods can be made to conform with operation of the contractor's accounting system; and (d) There is reasonable assurance that price redetermination actions will take place promptly at the specified times.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR48-SEC-9DF643
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
48 C.F.R. § 16.205.3
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
Source
PRIMARY-SOURCE
Source Verified
✓ TRUE
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fe39cb0d37ed098d...
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The regulatory text of 48 C.F.R. § 16.205.3 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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