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FAR and DFARS › FAR Part 14: Sealed Bidding › Subpart 14.1

FAR 14.104 Types of contracts.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This section says that when sealed bidding is used, the contract must generally be firm-fixed-price. A fixed-price contract with an economic price adjustment clause may be used instead if it is authorized under 16.203 and some flexibility is necessary and feasible, but the clause must give all bidders an equal chance to bid.

Applies to: Contracting officers using sealed bidding

What it requires

  • Use firm-fixed-price contracts when the method of contracting is sealed bidding
  • Ensure any economic price adjustment clause affords all bidders an equal opportunity to bid

Key terms: firm-fixed-price contracts · sealed bidding · economic price adjustment clauses · 16.203

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

Firm-fixed-price contracts shall be used when the method of contracting is sealed bidding, except that fixed-price contracts with economic price adjustment clauses may be used if authorized in accordance with 16.203 when some flexibility is necessary and feasible. Such clauses must afford all bidders an equal opportunity to bid.

Sections it refers to

  • 16.203 Fixed-price contracts with economic price adjustment.

← 14.103-2 Limitations. · 14.105 Solicitations for informational or planning purposes. →

Rule changes for FAR Part 14

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

FAR 14.104 Types of contracts · SpendQuery