48 CFR Part 416

Part 416—Types of Contracts

Federal Acquisition Regulations System · Chapter 4, Chapter 4—Department of Agriculture · Subchapter C

48 CFR Part 416

Official text on eCFR ↗

Words: 100
Sections: 5
Last amended: November 6, 2024
Administered by: Department of Agriculture

48 CFR Part 416

Text as published by eCFR on 2026-07-30.

PART 416—TYPES OF CONTRACTS

Authority:

5 U.S.C. 301 and 40 U.S.C. 486(c).

Source:

89 FR 81015, Oct. 7, 2024, unless otherwise noted.

Subpart 416.1—Selecting Contract Types

416.102 Policies.

The contracting officer shall insert the clause at AGAR 452.204-70, Modification for Contract Closeout, in all solicitations and contracts that use other than cost reimbursement contract types.

Subpart 416.2—Fixed-Price Contracts

416.203 Fixed-price contracts with economic price adjustment.

416.203-4 Contract clauses.

An economic price adjustment clause based on cost indexes of labor or material may be used under the conditions listed in FAR 16.203-4(d) after HCA approval and consultation with the Office of the General Counsel (OGC).

Subpart 416.6—Time-and-Materials, Labor-Hour, and Letter Contracts

416.603 Letter contracts.

416.603-2 Application.

The HCA is authorized to extend the period for defining a letter contract required by FAR 16.603-2(c) in extreme cases where it is determined in writing that such action is in the best interest of the Government.