48 CFR Part 2102 — Definitions of Words and Terms

PART 2102—DEFINITIONS OF WORDS AND TERMS Authority: 5 U.S.C. 8716; 40 U.S.C. 486(c); 48 CFR 1.301. Subpart 2102.1—Definitions 2102.101 Definitions. In this chapter, unless otherwise indicated, the following terms have the meaning set forth in this subpart. Contract Contractor Contract price Contract year Director Employees' Life Insurance Fund Enrollee FEGLI Program Fixed price with limited cost redetermination plus fixed fee contract (1) A fixed price during the contract year with a cost element that is adjusted at the end of the contract term based on costs incurred under the contract; and (2) A profit or fee that is fixed at the beginning of the contract term. The amount of adjustment for costs is limited to the amount in the Employees' Life Insurance Fund. The fee will be in the form of either a risk charge or a service charge. Grace period Insurance company OPM Premium Reinsurer Subcontract Subcontractor [70 FR 41149, July 18, 2005]

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