Firm-fixed-price, level-of-effort term contracts
Started by rae.story · Oct 16, 2013 · 1 replies
- rOriginal post
rae.story
Oct 16, 2013 · 12y ago
I am attempting to validate as to whether or not a Prime, if awarded a FFP contract, may issue a FFP-LOE SubK knowing the work that is to be performed by the subcontractor will exceed the $150k limitation per FAR 16.207.3 (Limitations of firm-fixed-price, level-of-effort term contracts)?
Thank you in advance for your time.
- G
Guest Vern Edwards
Oct 17, 2013 · 12y ago
The limitation in FAR does not apply to contractors and to the award of subcontracts. It limits the Government's use of FFP-LOE contracts, not a contractor's use.