Fixed Amount Contract – Homeowner

Code: FORM-269

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Fixed Amount Contract – Homeowner

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Fixed Amount Contract – Homeowner

Fixed-Price service contract refers to a contract for services, or supplies that involves the furnishing of services, when a fixed-price contract is contemplated and the contract amount is expected to exceed unreasonably. A contracting officer may insert a clause in such solicitations and contracts when the contract amount is expected to be at or below the simplified acquisition threshold and inclusion is in government's interest.