Term -Flexibly-priced contracts and subcontracts

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Flexibly-priced contracts and subcontracts means–
(1) Fixed-price contracts and subcontracts described at 16.203-1(a)(2), 16.204, 16.205, and 16.206;
(2) Cost-reimbursement contracts and subcontracts (Subpart 16.3);
(3) Incentive contracts and subcontracts where the price may be adjusted based on actual costs incurred (Subpart 16.4);
(4) Orders issued under indefinite-delivery contracts and subcontracts where final payment is based on actual costs incurred (Subpart 16.5); and
(5) The materials portion of time-and-materials contracts and subcontracts (Subpart 16.6).

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