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Code of Federal Regulations (Last Updated: April 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 1 - Federal Acquisition Regulation |
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SubChapter C - Contracting Methods and Contract Types |
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Part 14 - Sealed Bidding |
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Subpart 14.1 - Use of Sealed Bidding |
§ 14.104 - Types of contracts.
Latest version.
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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 necessary and feasible. Such clauses must afford all bidders an equal opportunity to bid.
[48 FR 42171, Sept. 19, 1983, as amended at 50 FR 1737, Jan. 11, 1985; 50 FR 52429, Dec. 23, 1985]