16.207-3  Limitations.

FAC 2005-45 OCTOBER 1, 2010

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 $150,000 or less, unless approved by the chief of the contracting office.