§16.206-3. Limitations.
48 C.F.R. § 16.206-3
This contract type shall not be used unless—
The contract is for research and development and the estimated cost is the simplified acquisition threshold or less;
The contractor's accounting system is adequate for price redetermination;
There is reasonable assurance that the price redetermination will take place promptly at the specified time; and
The head of the contracting activity (or a higher-level official, if required by agency procedures) approves its use in writing.
Notes, amendments, and revision history
Amendments
[48 FR 42219, Sept. 19, 1983, as amended at 75 FR 53133, Aug. 30, 2010; 85 FR 40067, July 2, 2020]
Authority
Authority: 41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.
Source
Source: 48 FR 42219, Sept. 19, 1983, unless otherwise noted.
Amendments
[48 FR 42219, Sept. 19, 1983, as amended at 75 FR 53133, Aug. 30, 2010; 85 FR 40067, July 2, 2020]