{"data":{"id":"us/48-cfr-16.207-2","jurisdiction":"us","citation":"48 CFR 16.207-2","heading":"16.207-2 Application.","body":"A firm-fixed-price, level-of-effort term contract is suitable for investigation or study in a specific research and development area. The product of the contract is usually a report showing the results achieved through application of the required level of effort. However, payment is based on the effort expended rather than on the results achieved.","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":"785012f8d42ce09862a2145e8b3ca0d65e10dfd7c4f390bd5795afcee1a89676","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-16.207-1","next":"us/48-cfr-16.207-3"},"notice":"GroundRules: Original legal text. Not legal advice."}