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                            16.207-1 Description.
        
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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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16.207-1 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.    **Parent topic:**  16.207 Firm-fixed-price, level-of-effort term contracts.
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