48 CFR 16.204 - 16.204 Fixed-price incentive contracts.

Regulations last checked for updates: Oct 17, 2024

Title 48 - Federal Acquisition Regulations System last revised: Oct 10, 2024

View all text of Subpart 16.2 [16.201 - 16.207-3]

16.204 - 16.204 Fixed-price incentive contracts.

A fixed-price incentive contract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost. Fixed-price incentive contracts are covered in subpart 16.4, Incentive Contracts. See 16.403 for more complete descriptions, application, and limitations for these contracts. Prescribed clauses are found at 16.406.

[48 FR 42219, Sept. 19, 1983, as amended at 59 FR 11387, Mar. 10, 1994; 62 FR 12695, Mar. 17, 1997]

authority: 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

source: 48 FR 42219, Sept. 19, 1983, unless otherwise noted.

cite as: 48 CFR 16.204