[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: 48CFR16.207-1]

[Page 298]
 
            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.  16.207-1  Description.

    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.

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