[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: 48CFR16.207-1]



[Page 309]

 

            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.