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).
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