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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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63 sections with “firm-fixed-price contract”: the first 40

  • FAR 16.202 Firm-fixed-price contracts.
  • FAR 12.207 Contract type.
    (a) Except as provided in paragraph (b) of this section, agencies shall use firm-fixed-price contracts or fixed-price contracts with economic price adjustment for the acquisition of commercial products or commercial services. (b)(1) A time…
  • FAR 16.103 Negotiating contract type.
    …e contractor with the greatest incentive for efficient and economical performance. (b) A firm-fixed-price contract, which best utilizes the basic profit motive of business enterprise, shall be used when the risk involved is minimal or can …
  • FAR 7.105 Contents of written acquisition plans.
    … type selection. Discuss the rationale for the selection of contract type. For other than firm-fixed-price contracts, see 16.103(d) for additional documentation guidance. Acquisition personnel shall document the acquisition plan with findin…
  • FAR 15.408 Solicitation provisions and contract clauses.
    …nd (2) The contemplated contract type is expected to be any contract type except— (i) A firm-fixed-price contract awarded on the basis of adequate price competition; (ii) A fixed-price contract with economic price adjustment awarded on t…
  • FAR 36.208 Concurrent performance of firm-fixed-price and other types of construction contracts.
    …cost adjustment features shall not be permitted concurrently, at the same work site, with firm-fixed-price, lump sum, or unit price contracts except with the prior approval of the head of the contracting activity.
  • FAR 4.804-1 Closeout by the office administering the contract.
    …perty and final payment, unless otherwise specified by agency regulations. (2) Files for firm-fixed-price contracts, other than those using simplified acquisition procedures, should be closed within 6 months after the date on which the con…
  • FAR 7.103 Agency-head responsibilities.
    … costly, including for cost-reimbursement and other high-risk contracts (e.g., other than firm-fixed-price contracts) requiring a written acquisition plan. A written plan shall be prepared for cost reimbursement and other high-risk contract…
  • FAR 14.104 Types of contracts.
    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…
  • FAR 16.104 Factors in selecting contract types.
    …act should be considered. (e) Combining contract types. If the entire contract cannot be firm-fixed-price, the contracting officer shall consider whether or not a portion of the contract can be established on a firm-fixed-price basis. (f)…
  • FAR 16.207 Firm-fixed-price, level-of-effort term contracts.
  • FAR 16.403 Fixed-price incentive contracts.
    …3-2 below. (b) Application. A fixed-price incentive contract is appropriate when— (1) A firm-fixed-price contract is not suitable; (2) The nature of the supplies or services being acquired and other circumstances of the acquisition are s…
  • FAR 17.208 Solicitation provisions and contract clauses.
    …ption clause; (2) An option is not to be exercised at the time of contract award; (3) A firm-fixed-price contract, a fixed-price contract with economic price adjustment, or other type of contract approved under agency procedures is contem…
  • FAR 36.207 Pricing fixed-price construction contracts.
    (a) Generally, firm-fixed-price contracts shall be used to acquire construction. They may be priced (1) on a lump-sum basis (when a lump sum is paid for the total work or defined parts of the work), (2) on a unit-price basis (when a unit pr…
  • FAR 42.709-7 Contract clause.
    …and contracts over $1 million except fixed-price contracts without cost incentives or any firm-fixed-price contract for the purchase of commercial products or commercial services. Generally, covered contracts are those which contain one of …
  • FAR 44.204 Contract clauses.
    …ontract amount is expected to exceed the simplified acquisition threshold, unless— (1) A firm-fixed-price contract, awarded on the basis of adequate price competition or whose prices are set by law or regulation, is contemplated; or (2) A…
  • FAR 15.404-4 Profit.
    …reater cost risks. (B) The contractor assumes the greatest cost risk in a closely priced firm-fixed-price contract under which it agrees to perform a complex undertaking on time and at a predetermined price. Some firm-fixed-price contracts…
  • FAR 16.202-1 Description.
    A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsi…
  • FAR 14.201-1 Uniform contract format.
    …elsewhere in this regulation that are inconsistent with the uniform contract format. (5) Firm-fixed-price or fixed-price with economic price adjustment acquisitions that use the simplified contract format (see 14.201-9). (b) Information s…
  • FAR 14.201-9 Simplified contract format.
    Policy. For firm-fixed-price or fixed-price with economic price adjustment acquisitions of supplies and services, the contracting officer may use the simplified contract format in lieu of the uniform contract format (see 14.201-1). The cont…
  • FAR 16.102 Policies.
    (a) Contracts resulting from sealed bidding shall be firm-fixed-price contracts or fixed-price contracts with economic price adjustment. (b) Contracts negotiated under part 15 may be of any type or combination of types that will promote th…
  • DFARS 227.7202-1 Policy.
    …e documentation shall be obtained competitively, to the maximum extent practicable, using firm-fixed-price contracts or firm-fixed-priced orders under available pricing schedules. (c) Offerors and contractors shall not be required to— (1)…
  • DFARS 246.710 Contract clauses.
    …ernate I in fixed-price-incentive solicitations and contracts. (iii) Use alternate II in firm-fixed-price solicitations and contracts. (2) Use the clause at 252.246-7002, Warranty of Construction (Germany), instead of the clause at FAR 52…
  • FAR 1.602-2 Responsibilities.
    …ive (COR) on all contracts and orders other than those that are firm-fixed price, and for firm-fixed-price contracts and orders as appropriate, unless the contracting officer retains and executes the COR duties. See 7.104(e). A COR— (1) Sh…
  • FAR 3.103-1 Solicitation provision.
    …sion at 52.203-2, Certificate of Independent Price Determination, in solicitations when a firm-fixed-price contract or fixed-price contract with economic price adjustment is contemplated, unless— (a) The acquisition is to be made under the…
  • FAR 13.402 Conditions for use.
    … transit, or not conforming to purchase requirements. (e) The purchasing instrument is a firm-fixed-price contract, a purchase order, or a delivery order for supplies. (f) A system is in place to ensure— (1) Documentation of evidence of …
  • FAR 14.502 Conditions for use.
    … available. (4) Sufficient time will be available for use of the two-step method. (5) A firm-fixed-price contract or a fixed-price contract with economic price adjustment will be used. (b) None of the following precludes the use of two-s…
  • FAR 15.407-1 Defective certified cost or pricing data.
    …ctive. (2) Under cost-reimbursement contracts and under all fixed-price contracts except firm-fixed-price contracts and fixed-price contracts with economic price adjustment, payments to subcontractors that are higher than they would be had…
  • FAR 16.202-2 Application.
    A firm-fixed-price contract is suitable for acquiring commercial products or commercial services (see parts 2 and 12) or for acquiring other supplies or services on the basis of reasonably definite functional or detailed specifications (see…
  • FAR 16.205-3 Limitations.
    …t be used unless— (a) Negotiations have established that (1) the conditions for use of a firm-fixed-price contract are not present (see 16.202-2), and (2) a fixed-price incentive contract would not be more appropriate; (b) The contractor'…
  • FAR 16.401 General.
    (a) Incentive contracts as described in this subpart are appropriate when a firm-fixed-price contract is not appropriate and the required supplies or services can be acquired at lower costs and, in certain instances, with improved delivery …
  • FAR 42.709-1 Scope.
    …acts in excess of $1 million, except fixed-price contracts without cost incentives or any firm-fixed-price contracts for the purchase of commercial products or commercial services.
  • FAR 52.203-10 Price or Fee Adjustment for Illegal or Improper Activity.
    …f contract award and such reduced price shall be the total final contract price. (5) For firm-fixed-price contracts, by 10 percent of the initial contract price or a profit amount determined by the Contracting Officer from records or docum…
  • FAR 52.204-8 Annual Representations and Certifications.
    …ficate of Independent Price Determination. This provision applies to solicitations when a firm-fixed-price contract or fixed-price contract with economic price adjustment is contemplated, unless— (A) The acquisition is to be made under the…
  • DFARS 217.207 Exercise of options.
    …ement to perform cost or price analysis of spare parts prior to exercising any option for firm-fixed-price contracts containing spare parts; and (2) Working with the program office or requiring activity to verify in the Supplier Performanc…
  • DFARS 234.201 Policy.
    …w the procedures at PGI 234.201(1)(iii) for conducting a cost-benefit analysis. (iv) For firm-fixed-price contracts and subcontracts of any dollar value— (A) The application of earned value management is discouraged; and (B) Follow the p…
  • FAR 8.405-2 Ordering procedures for services requiring a statement of work.
    …easons at 8.405-6(a). (iii) The ordering activity shall specify the type of order (i.e., firm-fixed-price, labor-hour) for the services identified in the statement of work. The contracting officer should establish firm-fixed-prices, as app…
  • FAR 31.204 Application of principles and procedures.
    …2) The requirements of paragraph (b)(1) of this section apply to any tier above the first firm-fixed-price subcontract or fixed-price subcontract with economic price adjustment provisions. (c) Costs incurred as payments under firm-fixed-pr…
  • FAR 52.226-1 Utilization of Indian Organizations and Indian-Owned Economic Enterprises.
    …et cost and ceiling price of a fixed-price incentive prime contract. (iv) The price of a firm-fixed-price prime contract. (3) The amount of the adjustment to the prime contract is 5 percent of the estimated cost, target cost, or firm-fixe…
  • FAR 52.248-1 Value Engineering.
    …h subparagraph (h)(5) above. For incentive contracts, shares shall be added as a separate firm-fixed-price line item on the instant contract. The Contractor shall maintain records adequate to identify the first delivered unit for 3 years af…

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.