Term -Fixed-Priced Contracts and Subcontracts

Fixed-price contracts and subcontracts means–
    (1) Fixed-price contracts and
subcontracts described at 16.202, 16.203 (except when price adjustments
are based on actual costs of labor or material, described at
16.203-1(a)(2)), and 16.207;
    (2) Fixed-price incentive contracts and subcontracts where the price is not adjusted based on actual costs
incurred (Subpart 16.4);
    (3) Orders issued under
indefinite-delivery contracts and subcontracts where final payment is
not based on actual costs incurred (Subpart 16.5); and
    (4) The fixed-hourly rate portion of
time-and-materials and labor-hours contracts and subcontracts (Subpart 16.6).

Pin It on Pinterest

Share This