# 48 C.F.R. § 31.102 (2026): Fixed-price contracts

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_102

## Section

- **Citation:** 48 C.F.R. § 31.102 (2026)
- **Heading:** Fixed-price contracts
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 48 CFR: Federal Acquisition Regulations System / Chapter 1 / Part 31 / Subpart 31.1 / § 31.102: Fixed-price contracts.

## Text

The applicable subparts of part 31 shall be used in the pricing of fixed-price contracts, subcontracts, and modifications to contracts and subcontracts whenever (a) cost analysis is performed, or (b) a fixed-price contract clause requires the determination or negotiation of costs. However, application of cost principles to fixed-price contracts and subcontracts shall not be construed as a requirement to negotiate agreements on individual elements of cost in arriving at agreement on the total price. The final price accepted by the parties reflects agreement only on the total price. Further, notwithstanding the mandatory use of cost principles, the objective will continue to be to negotiate prices that are fair and reasonable, cost and other factors considered.

## Nearby sections

- [48 C.F.R. § 31.100 (2026) Scope of subpart.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_100.md)
- [48 C.F.R. § 31.101 (2026) Objectives.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_101.md)
- [48 C.F.R. § 31.102 (2026) Fixed-price contracts.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_102.md)
- [48 C.F.R. § 31.103 (2026) Contracts with commercial organizations.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_103.md)
- [48 C.F.R. § 31.104 (2026) Contracts with educational institutions.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_104.md)
- [48 C.F.R. § 31.105 (2026) Construction and architect-engineer contracts.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_105.md)
- [48 C.F.R. § 31.107 (2026) Contracts with State, local, and federally recognized Indian tribal governments.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_107.md)
- [48 C.F.R. § 31.108 (2026) Contracts with nonprofit organizations.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_108.md)
- [48 C.F.R. § 31.109 (2026) Advance agreements.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_109.md)
- [48 C.F.R. § 31.110 (2026) Indirect cost rate certification and penalties on unallowable costs.](https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_110.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T48_P31_S31_102. Check the current official text before relying on it. Not legal advice.