48 CFR 16.205-1

16.205-1 Description.

United States · 48 CFR — Federal Acquisition Regulations System · Status: effective

Cite this

Citation: 48 CFR 16.205-1, 16.205-1 Description, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/239863
Permanent ID: ys:prov:239863@1
SHA-256: 670d75a2b1fbdfa3a6eb37839447d8fd3fe1ea4c392e2f90074cce81a099e3a5

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Full text

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.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.