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                            16.204 Fixed-price incentive contracts.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart16.016.116.216.316.416.516.616.7
Section16.20116.20216.20316.20416.20516.20616.207
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16.204 Fixed-price incentive contracts.16.204 Fixed-price incentive contracts.       A fixed-price incentive contract is a fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost. Fixed-price incentive contracts are covered in  subpart  16.4, Incentive Contracts. See  16.403 for more complete descriptions, application, and limitations for these contracts. Prescribed clauses are found at  16.406.    **Parent topic:**  Subpart 16.2 - Fixed-Price Contracts
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