Federal Acquisition Regulation; Contract Types for Commercial Item Acquisitions
other · US Department of Defense · Rule · Published 2003-03-18 · Effective 2003-04-17 · 68 FR 13201
Document
Document number
03-6372
Federal Register citation
68 FR 13201
CFR reference
48 CFR 12
Type
Rule
Action
Final rule.
Category
other
Sub-agency
US Department of Defense
Publication date
2003-03-18
Effective date
2003-04-17
DOD docket
FAC 2001-13
Abstract
The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council (Councils) have agreed on a final rule amending the Federal Acquisition Regulation (FAR) to clarify the use of award fees and performance or delivery incentives in firm-fixed-price contracts and fixed-price with economic price adjustment contracts. These changes are intended to clarify how award fees and performance or delivery incentives may be used in commercial item acquisitions where statute prohibits use of cost-type contracts and requires use of firm- fixed-price contracts and fixed-price contracts with economic price adjustment to the maximum extent practicable.