# 48 CFR § 31.102: 31.102 Fixed-price contracts

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-48-31.102

## Section

- **Citation:** 48 CFR § 31.102
- **Heading:** 31.102 Fixed-price contracts
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 48—Federal Acquisition Regulations System > CHAPTER 1—FEDERAL ACQUISITION REGULATION > SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS > PART 31—CONTRACT COST PRINCIPLES AND PROCEDURES > Subpart 31.1—Applicability

## 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 CFR § 31.100 31.100 Scope of subpart.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.100.md)
- [48 CFR § 31.101 31.101 Objectives.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.101.md)
- [48 CFR § 31.102 31.102 Fixed-price contracts.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.102.md)
- [48 CFR § 31.103 31.103 Contracts with commercial organizations.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.103.md)
- [48 CFR § 31.104 31.104 Contracts with educational institutions.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.104.md)
- [48 CFR § 31.105 31.105 Construction and architect-engineer contracts.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.105.md)
- [48 CFR § 31.107 31.107 Contracts with State, local, and federally recognized Indian tribal governments.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.107.md)
- [48 CFR § 31.108 31.108 Contracts with nonprofit organizations.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.108.md)
- [48 CFR § 31.109 31.109 Advance agreements.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.109.md)
- [48 CFR § 31.110 31.110 Indirect cost rate certification and penalties on unallowable costs.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.110.md)
- [48 CFR § 31.201-1 31.201-1 Composition of total cost.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.201-1.md)
- [48 CFR § 31.201-2 31.201-2 Determining allowability.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.201-2.md)
- [48 CFR § 31.201-3 31.201-3 Determining reasonableness.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.201-3.md)
- [48 CFR § 31.201-4 31.201-4 Determining allocability.](https://www.frixlaw.com/law-library/statutes/ecfr-48-31.201-4.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-48-31.102. Check the current official text before relying on it. Not legal advice.