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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12 sections with “not-to-exceed price”

  • DFARS 217.7404-2 Price ceiling.
    UCAs shall include a not-to-exceed price.
  • DFARS 243.204-70-2 Price ceiling.
    Unpriced change orders shall include a not-to-exceed price.
  • FAR 32.501-3 Contract price.
    … price contracts, the contract price is the current amount fixed by the contract plus the not-to-exceed amount for any unpriced modifications. (2) If the contract is redeterminable or subject to economic price adjustment, the contract pric…
  • DFARS 217.7404-4 Limitations on obligations.
    (a) The Government shall not obligate more than 50 percent of the not-to-exceed price before definitization. However, if a contractor submits a qualifying proposal before 50 percent of the not-to-exceed price has been obligated by the Gover…
  • DFARS 243.204-70-4 Limitations on obligations.
    (a) The Government shall not obligate more than 50 percent of the not-to-exceed price before definitization. However, if a contractor submits a qualifying proposal before 50 percent of the not-to-exceed price has been obligated by the Gover…
  • DFARS 217.7404 Limitations.
    …d under the contractual action is equal to more than 50 percent of the negotiated overall not-to-exceed price for the contractual action; (2) The head of the contracting activity, without power of redelegation, approves the definitization …
  • DFARS 217.7404-3 Definitization schedule.
    …ount of funds obligated under the contract action is equal to more than 50 percent of the not-to-exceed price. (b)(1) Submission of a qualifying proposal in accordance with the definitization schedule is a material element of the contract.…
  • DFARS 243.204-70-3 Definitization schedule.
    … amount of funds obligated under the change order is equal to more than 50 percent of the not-to-exceed price. (b) Submission of a qualifying proposal in accordance with the definitization schedule is a material element of the contract. If…
  • DFARS 252.217-7001 Surge option.
    …he transmitted information and instructions. The notice and modification will establish a not-to-exceed price equal to the highest contract unit price or cost of the added or accelerated items as of the date of the notice. (3) The Contract…
  • FAR 32.503-6 Suspension or reduction of payments.
    …utations (the current ceiling price under fixed-price incentive contracts) to include the not-to-exceed amount for any pending change orders and unpriced orders. (ii) Divide the revised contract price by the sum of the total costs incurred…
  • DFARS 201.170 Peer reviews.
    …s that are subject to peer review (see also FAR 1.108(c), Dollar thresholds): (A) If the not-to-exceed amount for an undefinitized contract action or an unpriced change order exceeds the peer review threshold, then the resultant definitiza…
  • DFARS 252.217-7027 Contract Definitization.
    …__ [insert “cost/price ceiling” or “firm-fixed price”] in no event to exceed__[insert the not-to-exceed amount]. (End of clause)

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.