### Question
How is the "flexibly priced contract" defined?


### Answer
The term **flexibly priced contract** is defined in *10 U.S.C. § 3842* as follows -

> given the term "flexibly-priced contracts and subcontracts" in part 30 of the Federal Acquisition Regulation (section 30.001 of title 48, Code of Federal Regulations).

#### Citation:
  - *10 U.S.C. § 3842*
  - Heading: **Subtitle A-General Military Law > PART V-ACQUISITION > Subpart D-General Contracting Provisions > CHAPTER 279-CONTRACTOR AUDITS AND ACCOUNTING**

