Federal Procurement
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A glossary tracked by Bureauify. See sources and related records below.
Fixed-Price Retroactive Price Redetermination Government Contracts & Federal Records
Explore all federal records for Fixed-Price Retroactive Price Redetermination — contracts, grants, spending, research, and more.
Provides for a ceiling price and retroactive price redetermination after completion based on actual costs. Limited to contracts where the ceiling price does not exceed $150,000 and the contract duration is short.
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FAR 16.206
Only appropriate for research and development contracts with estimated costs of $150,000 or less when it is established at the outset that a fair and reasonable firm fixed price cannot be negotiated.
Advantages: Fair pricing when costs truly cannot be estimated upfront. Disadvantages: Limited to small contracts, low contractor incentive for cost control, requires cost audit.
Get notified when usage of Fixed-Price Retroactive Price Redetermination changes in contracts or guidance.
Bureauify. (2026). Fixed-Price Retroactive Price Redetermination — Federal Contract Intelligence. Bureauify Federal Intelligence. Retrieved , from https://bureauify.com/glossary/fixed-price-retroactive-price-redetermination
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