48 CFR §16.205-1
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
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.