{"data":{"id":"us/48-cfr-16.206-3","jurisdiction":"us","citation":"48 CFR 16.206-3","heading":"16.206-3 Limitations.","body":"This contract type shall not be used unless—\n(a) The contract is for research and development and the estimated cost is the simplified acquisition threshold or less;\n(b) The contractor's accounting system is adequate for price redetermination;\n(c) There is reasonable assurance that the price redetermination will take place promptly at the specified time; and\n(d) The head of the contracting activity (or a higher-level official, if required by agency procedures) approves its use in writing.","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":"c3dcbf50969ca486e5c2adabdba7505823f1c54af58966884bf2e24d82bfc802","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-16.206-2","next":"us/48-cfr-16.206-4"},"notice":"GroundRules: Original legal text. Not legal advice."}