WebJun 6, 2024 · As an exception to that general rule, contracting officers may award can equitable adjustment to a fixed-price contract in cases covered by the standard Changes clause at LONG 52.243-1, or other casings where a specific clause grant a right to equitable adjustment. DoD explains that it has been “fielding questions over the possibility of ... WebOct 5, 1995 · 16.203 Fixed–price contracts with economic price adjustment. 16.203-1 Description. (a) (S-90) Adjustment based on established prices. Established prices may reflect industry-wide and/or geographically based market price fluctuations for commodity groups, specific supplies or services, or contract end items.
Economic Price Adjustment: An Acquisition Method for Inflation
WebSep 25, 2024 · Fixed-Price Contracts with Economic Price Adjustment. Fixed-price contracts with economic price adjustment afford the contractor with a bit of an insurance … WebSep 20, 2024 · Fixed-Price with Economic Price Adjustment Contract (FPEPA) The FPEPA is a fixed-price contract with a special provision allowing for predefined final … ra surname
Part 816 - Types of Contracts - Office of Acquisition and Logistics …
WebApr 29, 2024 · Fixed-price with economic price adjustment Firm-Fixed-Price (FFP) The most common fixed-price contract. A price is set from the outset and will not change unless there is a change in scope. Fixed-Price Incentive Fee (FPIF) This is a contract where buyer and seller share some risk and can both benefit from the seller out … Web816.203-4 Contract clauses. (e) The contracting officer shall, when contracting by negotiation, use the following clauses. (1) The contracting officer shall insert the clause … WebOct 3, 2024 · For example, FAR 52.216-4, Economic Price Adjustment-Labor and Material, authorizes a contractor to recover for increases in the cost of material or labor. … ra sun god symbol