48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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14 sections with “Instant contract”

  • FAR 48.001 Definitions.
    … office of its successor for essentially the same unit. Acquisition savings include— (1) Instant contract savings, that are the net cost reductions on the contract under which the VECP is submitted and accepted, and that are equal to the i…
  • FAR 48.104-2 Sharing acquisition savings.
    …ch VECP. (See 48.102(g) (1) through (7).) (2) Acquisition savings may be realized on the instant contract, concurrent contracts, and future contracts. The contractor is entitled to a percentage share (see paragraph (a)(1) of this section) …
  • FAR 52.248-1 Value Engineering.
    … office or its successor for essentially the same unit. Acquisition savings include— (1) Instant contract savings, which are the net cost reductions on this, the instant contract, and which are equal to the instant unit cost reduction mult…
  • FAR 52.248-3 Value Engineering—Construction.
    …alue engineering change proposals (VECP's) voluntarily. The Contractor shall share in any instant contract savings realized from accepted VECP's, in accordance with paragraph (f) below. (b) Definitions. Collateral costs, as used in this cl…
  • FAR 2.101 Definitions.
    …ineering change proposal (VECP)- (1) Means a proposal that— (i) Requires a change to the instant contract to implement; and (ii) Results in reducing the overall projected cost to the agency without impairing essential functions or charact…
  • FAR 7.204 Responsibilities of contracting officers.
    …hould generally take no action to revise quantities to be acquired in connection with the instant procurement. However, if a significant price variation is evident from offeror responses, and the potential for significant savings is apparen…
  • FAR 9.502 Applicability.
    …interest may result when factors create an actual or potential conflict of interest on an instant contract, or when the nature of the work to be performed on the instant contract creates an actual or potential conflict of interest on a futu…
  • FAR 52.226-8 Encouraging Contractor Policies To Ban Text Messaging While Driving.
    …electronic device, including for the purpose of short message service texting, e-mailing, instant messaging, obtaining navigational information, or engaging in any other form of electronic data retrieval or electronic data communication. Th…
  • FAR 15.406-3 Documenting the negotiation.
    …als who would not normally exercise authority during the award and review process for the instant contract action). (10) The basis for the profit or fee prenegotiation objective and the profit or fee negotiated. (11) Documentation of fair…
  • FAR 48.104-1 Determining sharing period.
    …epted; or (2) The last scheduled delivery date of an item affected by the VECP under the instant contract delivery schedule in effect at the time the VECP is accepted. (c) For engineering-development contracts and contracts containing low…
  • FAR 48.104-4 Sharing alternative—no-cost settlement method.
    …ent. Under this method of settlement, the contractor would keep all of the savings on the instant contract, and all savings on its concurrent contracts only. The Government would keep all savings resulting from concurrent contracts placed w…
  • DFARS 209.571-4 Mitigation.
    …zational conflict of interest, then the contracting officer, taking into account both the instant contract and longer term Government needs, shall use another approach to resolve the organizational conflict of interest, select another offer…
  • FAR 48.102 Policies.
    …. 3322(b) and 41 U.S.C. 3905 (see 15.404-4(c)(4)(i). (f) Generally, profit or fee on the instant contact should not be adjusted downward as a result of acceptance of a VECP. Profit or fee shall be excluded when calculating instant or futur…
  • FAR 15.305 Proposal evaluation.
    …orm major or critical aspects of the requirement when such information is relevant to the instant acquisition. (iv) In the case of an offeror without a record of relevant past performance or for whom information on past performance is not …

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.