### Question
What is the definition of flexibly priced contract?


### Answer
The definition of **flexibly priced contract** is as follows in *10 U.S.C. § 3842*:

> 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 Requirements > CHAPTER 279-CONTRACTOR AUDITS AND ACCOUNTING**

