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FAC Number: 2022-08
Effective Date: 10/28/2022

16.205-1 Description.

A fixed-price contract with prospective price redetermination provides for-

      (a) A firm fixed price for an initial period of contract deliveries or performance; and

      (b) Prospective redetermination, at a stated time or times during performance, of the price for subsequent periods of performance.

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