Code of Federal Regulations · Section
§ 16.206-3 — 16.206-3 Limitations
48 C.F.R. § 16.206-3
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This contract type shall not be used unless—
(a) The contract is for research and development and the estimated cost is the simplified acquisition threshold or less;
(b) The contractor's accounting system is adequate for price redetermination;
(c) There is reasonable assurance that the price redetermination will take place promptly at the specified time; and
(d) The head of the contracting activity (or a higher-level official, if required by agency procedures) approves its use in writing.
Authorizing Statute
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Powers of the Administration in performance of functions51 U.S.C. § 20113
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Administrative40 U.S.C. § 121
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General authority41 U.S.C. § 1121
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Chapter 137 legacy provisions10 U.S.C. § 3016