[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: 48CFR16.205-1]

[Page 297]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 16_TYPES OF CONTRACTS--Table of Contents
 
                   Subpart 16.2_Fixed-Price Contracts
 
Sec.  16.205-1  Description.

    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.