U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 28, 2025

16.207-1 - 16.207-1 Description.

A firm-fixed-price, level-of-effort term contract requires (a) the contractor to provide a specified level of effort, over a stated period of time, on work that can be stated only in general terms and (b) the Government to pay the contractor a fixed dollar amount.