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


### Answer
The term **flexibly priced contract** is defined in *10 U.S.C. § 2313b* as the following:

> 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. § 2313b*
  - Heading: **Subtitle A-General Military Law > PART IV-SERVICE, SUPPLY, AND PROCUREMENT > CHAPTER 137-PROCUREMENT GENERALLY**

