[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR12.207]



[Page 196]

 

            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]