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                            16.207-3 Limitations.
        
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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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16.207-3 Limitations.16.207-3 Limitations.       This contract type may be used only when-                                       (a)                    						             The work required cannot otherwise be clearly defined;                                          (b)                    						             The required level of effort is identified and agreed upon in advance;                                          (c)                    						             There is reasonable assurance that the intended result cannot be achieved by expending less than the stipulated effort; and                                          (d)                    						             The contract price is the simplified acquisition threshold or less, unless approved by the chief of the contracting office.    **Parent topic:**  16.207 Firm-fixed-price, level-of-effort term contracts.
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