48 CFR § 16.205-1 - 16.205-1 Description.

---
identifier: "/us/cfr/t48/s16.205-1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 16.205-1 - 16.205-1   Description."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "16.205-1"
section_name: "16.205-1   Description."
chapter_number: 1
chapter_name: "FEDERAL ACQUISITION REGULATION"
subchapter_number: "C"
subchapter_name: "CONTRACTING METHODS AND CONTRACT TYPES"
part_number: "16"
part_name: "TYPES OF CONTRACTS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113."
regulatory_source: "48 FR 42219, Sept. 19, 1983, unless otherwise noted."
cfr_part: "16"
---


# 16.205-1 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.