§ 16.207-3 - Limitations.

16.207-3 Limitations.

Cross Reference

Link to an amendment published at 85 FR 40067, July 2, 2020.

This contract type may be used only when -

(a) The work required cannot otherwise be clearly defined;

(b) The required level of effort is identified and agreed upon in advance;

(c) There is reasonable assurance that the intended result cannot be achieved by expending less than the stipulated effort; and

(d) The contract price is $150,000 the simplified acquisition threshold or less, unless approved by the chief of the contracting office.

[48 FR 42219, Sept. 19, 1983, as amended at 75 FR 53133, Aug. 30, 2010; 85 FR 40067, July 2, 2020]