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Per FAR 12.2
Agencies shall use firm fixed price contracts or fixed-price contracts with economic price adjustment for the acquisition of commercial items.
Time and Materials or Labor-Hour contracts may be used for the acquisition of commercial services (12.207(b)).Read More

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Per FAR 5.303.....Contracting officers shall make information available on awards over $4 million (unless another dollar amount is specified in agency acquisition regulations) in sufficient time for the agency concerned to announce it by 5 p.m. Washington, DC, time on the day of award.

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