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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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145 sections with “final contract price”: the first 40

  • FAR 16.403 Fixed-price incentive contracts.
    …ontract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by application of a formula based on the relationship of total final negotiated cost to total target cost. The final price is sub…
  • FAR 16.403-1 Fixed-price incentive (firm target) contracts.
    …er contract clauses. When the contractor completes performance, the parties negotiate the final cost, and the final price is established by applying the formula. When the final cost is less than the target cost, application of the formula r…
  • FAR 16.403-2 Fixed-price incentive (successive targets) contracts.
    …r a lesser degree of contractor cost responsibility than would a formula for establishing final profit and price.) (iv) The production point at which the firm target cost and firm target profit will be negotiated (usually before delivery o…
  • FAR 16.204 Fixed-price incentive contracts.
    …ontract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost. Fixed-price incentive contracts are c…
  • FAR 52.246-2 Inspection of Supplies—Fixed-Price.
    …ement, or correction shall be considered a cost incurred, or to be incurred, in the total final negotiated cost fixed under the incentive price revision clause. However, replacements or corrections by the Contractor after the establishment …
  • FAR 4.804-5 Procedures for closing out contract files.
    …t procedures must ensure that— (1) Disposition of classified material is completed; (2) Final patent report is cleared. If a final patent report is required, the contracting officer may proceed with contract closeout in accordance with th…
  • FAR 19.705-7 Compliance with the subcontracting plan.
    …onstrate what good faith efforts have been made before the contracting officer issues the final decision and shall further state that failure of the contractor to respond may be taken as an admission that no valid explanation exists. (e) P…
  • FAR 46.707 Pricing aspects of fixed-price incentive contract warranties.
    …contractor in complying with the warranty shall be considered when establishing the total final price. Contractor compliance with the warranty after the establishment of the total final price shall be at no additional cost to the Government…
  • FAR 52.203-10 Price or Fee Adjustment for Illegal or Improper Activity.
    …sions, the Contracting Officer may defer such adjustment until establishment of the total final price of the contract. The total final price established in accordance with the incentive price revision provisions of the contract shall be red…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …rence. The Contractor shall proceed diligently with performance of this contract, pending final resolution of any dispute arising under the contract. (e) Definitions. The clause at FAR 52.202-1, Definitions, is incorporated herein by refer…
  • FAR 52.216-5 Price Redetermination—Prospective.
    …of the last preceding period, except that the parties may agree to vary the length of the final period. The first day of the second and each succeeding period shall be the effective date of price redetermination for that period. (d) Data s…
  • FAR 52.216-6 Price Redetermination—Retroactive.
    …ars that the then-current billing prices will be substantially greater than the estimated final prices, or if the Contractor submits data showing that the redetermined prices will be substantially greater than the current billing prices, th…
  • FAR 52.216-16 Incentive Price Revision—Firm Target.
    …price revision in accordance with this clause; provided, that in no event shall the total final price of these items exceed the ceiling price of ___ dollars ($___). Any supplies or services that are to be (1) ordered separately under, or ot…
  • FAR 52.216-17 Incentive Price Revision—Successive Targets.
    …price revision in accordance with this clause; provided, that in no event shall the total final price of these items exceed the ceiling price of ___ dollars ($___). The prices of these items shown in the Schedule are the initial target pric…
  • FAR 52.232-5 Payments Under Fixed-Price Construction Contracts.
    … and conditions of the subcontract; and (4) This certification is not to be construed as final acceptance of a subcontractor's performance. (Name) (Title) (Date) (d) Refund of unearned amounts. If the Contractor, after making a certifi…
  • FAR 52.232-7 Payments under Time-and-Materials and Labor-Hour Contracts.
    …had been incurred after the increase in the ceiling price. (f) Audit. At any time before final payment under this contract, the Contracting Officer may request audit of the vouchers and supporting documentation. Each payment previously mad…
  • FAR 52.232-10 Payments Under Fixed-Price Architect-Engineer Contracts.
    … excess amount to the Contractor. (c) Upon satisfactory completion by the Contractor and final acceptance by the Contracting Officer of all the work done by the Contractor under the “Statement of Architect-Engineer Services”, the Contracto…
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …ay after Government acceptance of the work or services completed by the Contractor. For a final invoice, when the payment amount is subject to contract settlement actions (e.g., release of claims), acceptance is deemed to occur on the effec…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …posals arising from the termination of subcontracts; the approval or ratification will be final for purposes of this clause. (6) As directed by the Contracting Officer, transfer title and deliver to the Government (i) the fabricated or unf…
  • DFARS 252.242-7005 Contractor business systems.
    …cer will evaluate the Contractor's response and notify the Contractor, in writing, of the final determination as to whether the Contractor's business system contains material weaknesses. If the Contracting Officer determines that the Contra…
  • DFARS 252.244-7001 Contractor Purchasing System Administration.
    …Contractor's response and notify the Contractor, in writing, of the Contracting Officer's final determination concerning— (i) Remaining material weaknesses; (ii) The adequacy of any proposed or completed corrective action; and (iii) Syst…
  • FAR 31.102 Fixed-price contracts.
    …greements on individual elements of cost in arriving at agreement on the total price. The final price accepted by the parties reflects agreement only on the total price. Further, notwithstanding the mandatory use of cost principles, the obj…
  • FAR 52.222-43 Fair Labor Standards Act and Service Contract Labor Standards—Price Adjustment (Multiple Year and Option Contracts).
    …ks, documents, papers and records of the Contractor until the expiration of 3 years after final payment under the contract. (End of clause)
  • FAR 52.222-44 Fair Labor Standards Act and Service Contract Labor Standards—Price Adjustment.
    …ting Officer or an authorized representative shall, until the expiration of 3 years after final payment under the contract, have access to and the right to examine any directly pertinent books, documents, papers, and records of the Contract…
  • FAR 52.242-3 Penalties for Unallowable Costs.
    … Costs (DEC 2022) (a) Definition. Proposal, as used in this clause, means either— (1) A final indirect cost rate proposal submitted by the Contractor after the expiration of its fiscal year which— (i) Relates to any payment made on the b…
  • FAR 15.408 Solicitation provisions and contract clauses.
    … the agreement, include a copy, and describe its nature. H. As soon as practicable after final agreement on price or an earlier date agreed to by the parties, but before the award resulting from the proposal, you must, under the conditions…
  • FAR 42.302 Contract administration functions.
    …osts when there is reason to believe they should be suspended or disapproved, and approve final vouchers. (8) Issue Notices of Intent to Disallow or not Recognize Costs (see subpart 42.8). (9) Establish final indirect cost rates and billi…
  • FAR 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services.
    …aterials, and other evidence for examination, audit, or reproduction, until 3 years after final payment under this contract or for any shorter period specified in FAR Subpart 4.7, Contractor Records Retention, of the other clauses of this c…
  • FAR 52.216-4 Economic Price Adjustment—Labor and Material.
    …eriod that the Contracting Officer may approve in writing, but not later than the date of final payment under this contract. The notice shall include the Contractor's proposal for an adjustment in the contract unit prices to be negotiated u…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    …d, 30 days after approval by the Contracting Officer for release to the Contractor. (ii) Final payments based on completion and acceptance of all work and presentation of release of all claims against the Government arising by virtue of th…
  • FAR 2.101 Definitions.
    …e Federal agency that, on behalf of all Federal agencies, is responsible for establishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting standards for all contracts in a business unit. …
  • FAR 32.904 Determining payment due dates.
    …h day after Government acceptance of supplies delivered or services performed. (A) For a final invoice, when the payment amount is subject to contract settlement actions, acceptance is deemed to occur on the effective date of the contract …
  • FAR 42.703-1 Policy.
    (a) A single agency (see 42.705-1) shall be responsible for establishing final indirect cost rates for each business unit. These rates shall be binding on all agencies and their contracting offices, unless otherwise specifically prohibited …
  • FAR 42.1503 Procedures.
    …individuals responsible for preparing and reviewing interim evaluations, if prepared, and final evaluations (e.g., contracting officers, contracting officer representatives, project managers, and program managers). Those individuals identif…
  • FAR 49.115 Settlement of terminated incentive contracts.
    …or at target price for completed articles included in the settlement proposal for which a final price has not been established. The TCO shall incorporate in the settlement agreement an appropriate reservation as to final price for these com…
  • FAR 50.103-4 Facts and evidence.
    …ts paid and those owed. (3) A statement and evidence of the contractor's estimate of the final price of the contracts, taking into account all known or contemplated escalation, changes, extras, and the like. (4) A statement of any claims …
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    … considered delinquent if both of the following criteria apply: (A) The tax liability is finally determined. The liability is finally determined if it has been assessed. A liability is not finally determined if there is a pending administr…
  • FAR 52.215-2 Audit and Records—Negotiation.
    …(d), and (e) of this clause, for examination, audit, or reproduction, until 3 years after final payment under this contract or for any shorter period specified in Subpart 4.7, Contractor Records Retention, of the Federal Acquisition Regulat…
  • FAR 52.227-9 Refund of Royalties.
    …bcontract hereunder. (c) The Contractor shall furnish to the Contracting Officer, before final payment under this contract, a statement of royalties paid or required to be paid in connection with performing this contract and subcontracts h…
  • FAR 52.230-6 Administration of Cost Accounting Standards.
    …part 16.4); (3) Orders issued under indefinite-delivery contracts and subcontracts where final payment is not based on actual costs incurred (FAR Subpart 16.5); and (4) The fixed-hourly rate portion of time-and-materials and labor-hours c…

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.