[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: 48CFR16.205-1]



[Page 308]

 

            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.