Code of Federal Regulations · Section

§ 16.205-3 — 16.205-3 Limitations

48 C.F.R. § 16.205-3

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This contract type shall not be used unless—

(a) Negotiations have established that (1) the conditions for use of a firm-fixed-price contract are not present (see 16.202-2), and (2) a fixed-price incentive contract would not be more appropriate;

(b) The contractor's accounting system is adequate for price redetermination;

(c) The prospective pricing periods can be made to conform with operation of the contractor's accounting system; and

(d) There is reasonable assurance that price redetermination actions will take place promptly at the specified times.

48 C.F.R. § 16.205-2 48 C.F.R. § 16.205-4

Authorizing Statute