The contracting officer may use a firm-fixed-price contract in conjunction with an award-fee incentive (see 16.404) and performance or delivery incentives (see 16.402-2 and 16.402-3) …

Displaying title 48, up to date as of 12/22/2025. Title 48 was last amended 12/02/2025. Choosing an item from citations and headings will bring you directly to the content. Choosing an item …

LII Electronic Code of Federal Regulations (e-CFR) Title 48—Federal Acquisition Regulations System CHAPTER 1—FEDERAL ACQUISITION REGULATION SUBCHAPTER …

FAR part 16 Contract Type Navigator provides a comprehensive overview of various contract types available to the Federal Government. This interactive tool is designed to assist …

16.403: Fixed-Price Incentive Contracts. 16.403-1: Fixed-Price Incentive (Firm Target) Contracts. 16.403-2: Fixed-Price Incentive (Successive Targets) Contracts. 16.404: Fixed-Price …

The contracting officer shall, when contracting by negotiation, insert the clause at 52.216–5, Price Redetermina-tion—Prospective, in solicitations and contracts when a fixed-price contract is …

The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States. The document describes the procedures executive branch …

25. A “basic agreement” described in FAR 16.702 and a “basic ordering agreement” described in FAR 16.703 are simply “agreements to agree on term and provisions,” and therefore are not …

Oct 4, 2024 · Now, let’s move on to Part 16 of the FAR, which covers Types of Contracts. Understanding the different contract types is crucial for both government agencies and …

The contracting officer shall, when contracting by negotiation, insert the clause at 52.216-5, Price Redetermination-Prospective, in solicitations and contracts when a fixed-price contract is …