48 C.F.R. §§ 16.207-2
Current through November 30, 2024
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.
48 C.F.R. §§16.207-2