{"data":{"id":"us/48-cfr-16.207-1","jurisdiction":"us","citation":"48 CFR 16.207-1","heading":"16.207-1 Description.","body":"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.","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":"5b87b94ee6e3b86d5abf251adb56973c9f60c014b97093e315a770c9c5aa1886","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-16.207","next":"us/48-cfr-16.207-2"},"notice":"GroundRules: Original legal text. Not legal advice."}