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FAR

FAR

FAC Number: 2024-03
Effective Date: 02/23/2024

16.207-1 Description.

16.207-1 Description.

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.

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