Difference between revisions of "FAR 52.216-2 - Economic Price Adjustment - Standard Supplies"
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|Prescribedin=16.203-4(a) | |Prescribedin=16.203-4(a) | ||
|TypePurposeContract=Time and Materials/Labor Hour -O; Leasing of Motor Vehicles -O; Dismantling, Demolition, or Removal of Improvements -O; Facilities -O; Indefinite Delivery -O; Utility Services -O | |TypePurposeContract=Time and Materials/Labor Hour -O; Leasing of Motor Vehicles -O; Dismantling, Demolition, or Removal of Improvements -O; Facilities -O; Indefinite Delivery -O; Utility Services -O | ||
+ | |PrescriptionOverview===Prescription== | ||
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+ | '''(a)''' Adjustment based on established prices—standard supplies. | ||
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+ | (1) The contracting officer shall, when contracting by negotiation, insert the clause at 52.216-2, Economic Price Adjustment—Standard Supplies, or an agency-prescribed clause as authorized in paragraph (a)(2) of this subsection, in solicitations and contracts when all of the following conditions apply: | ||
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+ | :(i) A fixed-price contract is contemplated. | ||
+ | |||
+ | :(ii) The requirement is for standard supplies that have an established catalog or market price. | ||
+ | |||
+ | :(iii) The contracting officer has made the determination specified in 16.203-3. | ||
+ | |||
+ | (2) If all the conditions in paragraph (a)(1) of this subsection apply and the contracting officer determines that the use of the clause at 52.216-2 is inappropriate, the contracting officer may use an agency-prescribed clause instead of the clause at 52.216-2. | ||
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+ | (3) If the negotiated unit price reflects a net price after applying a trade discount from a catalog or list price, the contracting officer shall document in the contract file both the catalog or list price and the discount. (This does not apply to prompt payment or cash discounts.) | ||
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|FARClauseOverview===Clause== | |FARClauseOverview===Clause== | ||
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− | '''(d)''' During the time allowed for the cancellation provided for in paragraph (c)(5) of this clause, and thereafter if there is no cancellation, the Contractor shall continue deliveries according to the contract delivery schedule, and the Government shall pay for such deliveries at the contract unit price, increased to the extent provided by paragraph (c) of this clause. | + | '''(d)''' During the time allowed for the cancellation provided for in paragraph (c)(5) of this clause, and thereafter if there is no cancellation, the Contractor shall continue deliveries according to the contract delivery schedule, and the Government shall pay for such deliveries at the contract unit price, increased to the extent provided by paragraph (c) of this clause. |
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|ImportantNotesRequirements=Letter Contracts Only | |ImportantNotesRequirements=Letter Contracts Only | ||
Revision as of 16:29, 15 December 2014
Prescribed in 16.203-4(a) | |
Effective Date: | 1 June 2014 |
Clause or Provision: | Clause |
Provision or Clause Number: | 52.216-2 - Economic Price Adjustment - Standard Supplies |
Principle Type And/Or Purpose of Contract: | |
Required: | |
Applicable: | |
Optional: | Time and Materials/Labor Hour; Leasing of Motor Vehicles; Dismantling, Demolition, or Removal of Improvements; Facilities; Indefinite Delivery; Utility Services; |
Subject: | |
ProcurementType: | |
Contract Threshold: | |
Prescription Overview: |
Prescription(a) Adjustment based on established prices—standard supplies. (1) The contracting officer shall, when contracting by negotiation, insert the clause at 52.216-2, Economic Price Adjustment—Standard Supplies, or an agency-prescribed clause as authorized in paragraph (a)(2) of this subsection, in solicitations and contracts when all of the following conditions apply:
(2) If all the conditions in paragraph (a)(1) of this subsection apply and the contracting officer determines that the use of the clause at 52.216-2 is inappropriate, the contracting officer may use an agency-prescribed clause instead of the clause at 52.216-2. (3) If the negotiated unit price reflects a net price after applying a trade discount from a catalog or list price, the contracting officer shall document in the contract file both the catalog or list price and the discount. (This does not apply to prompt payment or cash discounts.) |
Clause Overview: |
Clause(a) The Contractor warrants that the unit price stated in the Schedule for _________ [offeror insert Schedule line item number] is not in excess of the Contractor’s applicable established price in effect on the contract date for like quantities of the same item. The term “unit price” excludes any part of the price directly resulting from requirements for preservation, packaging, or packing beyond standard commercial practice. The term “established price” means a price that—
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Important Notes/Requirements: |
Letter Contracts Only |
Subcontract Threshold: | |
Incorporated by Reference: | No |
Uniform Contract Format: | |
Editor: | Marshall |
Personal notes.