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48 CFR 16.207-1

16.207-1 Description.

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

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Citation
48 CFR 16.207-1, 16.207-1 Description, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/239873
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Full text

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.

Legislative history

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