Code of Federal Regulations · Section
§ 16.207-2 — 16.207-2 Application
48 C.F.R. § 16.207-2
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A firm-fixed-price, level-of-effort term contract is suitable for investigation or study in a specific research and development area. The product of the contract is usually a report showing the results achieved through application of the required level of effort. However, payment is based on the effort expended rather than on the results achieved.
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