[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR12.207]

[Page 187]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 12_ACQUISITION OF COMMERCIAL ITEMS--Table of Contents
 
  Subpart 12.2_Special Requirements for the Acquisition of Commercial 
                                  Items
 
Sec.  12.207  Contract type.

    Agencies shall use firm-fixed-price contracts or fixed-price 
contracts with economic price adjustment for the acquisition of 
commercial items. Indefinite-delivery contracts (see subpart 16.5) may 
be used where the prices are established based on a firm-fixed-price or 
fixed-price with economic price adjustment. Use of any other contract 
type to acquire commercial items is prohibited. These contract types may 
be used in conjunction with an award fee and performance or delivery 
incentives when the award fee or incentive is based solely on factors 
other than cost (see 16.202-1 and 16.203-1).

[60 FR 48241, Sept. 18, 1995, as amended at 68 FR 13201, Mar. 18, 2003]