FAR 16.306. It provides for two types of CPFF contracts: the Completion type, which has a “definite goal or target and specifies an end product,” and the Term type, which “obligates the contractor to devote a specified level of effort for a stated time period.”
Contract Types Comparison Party 1 offers Unilateral Services or goods that the other party requested, usually in an open request Implied Services or goods Express Anything Simple Something of value to the other party9 more rows •