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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9 sections with “Instant contract savings”

  • 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 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 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 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 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 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 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…

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.