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Code of Federal Regulations (Last Updated: May 6, 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 16 - Types of Contracts |
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Subpart 16.2 - Fixed-Price Contracts |
§ 16.206-1 - Description.
Latest version.
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16.206-1 Description.
A fixed-ceiling-price contract with retroactive price redetermination provides for (a) a fixed ceiling price and (b) retroactive price redetermination within the ceiling after completion of the contract.