{"data":{"id":"us/48-cfr-16.205-1","jurisdiction":"us","citation":"48 CFR 16.205-1","heading":"16.205-1 Description.","body":"A fixed-price contract with prospective price redetermination provides for (a) a firm fixed price for an initial period of contract deliveries or performance and (b) prospective redetermination, at a stated time or times during performance, of the price for subsequent periods of performance.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER C—CONTRACTING METHODS AND CONTRACT TYPES","PART 16—TYPES OF CONTRACTS","Subpart 16.2—Fixed-Price Contracts"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"670d75a2b1fbdfa3a6eb37839447d8fd3fe1ea4c392e2f90074cce81a099e3a5","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-16.205","next":"us/48-cfr-16.205-2"},"notice":"GroundRules: Original legal text. Not legal advice."}