Subpart 1416.2—Fixed-Price Contracts
1416.203 Fixed-price contracts with economic price adjustment.
1416.203-4 Contract clauses.
Subpart 1416.4—Incentive Contracts
1416.405 Contract clauses.
Authority: Sec. 205(c), 63 Stat. 390, 40 U.S.C. 486(c); and 5 U.S.C. 301.
Source: 75 FR 19829, Apr. 15, 2010, unless otherwise noted.
An economic price adjustment clause based on actual cost of labor or material may be used after approval by the BPC, without the power of redelegation.
The BPC, without the power of redelegation, is authorized to approve an award fee clause to use in a solicitation when a cost-plus-award-fee contract is contemplated.