§16.207-3. Limitations.
48 C.F.R. § 16.207-3
This contract type may be used only when—
The work required cannot otherwise be clearly defined;
The required level of effort is identified and agreed upon in advance;
There is reasonable assurance that the intended result cannot be achieved by expending less than the stipulated effort; and
The contract price is the simplified acquisition threshold or less, unless approved by the chief of the contracting office.
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]