Difference between revisions of "FAR 52.216-2 - Economic Price Adjustment - Standard Supplies"
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− | |TypeofContractOptional=Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Indefinite Delivery; Dismantling, Demolition or Removal of Improvements; Leasing of Motor Vehicles; Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service; Cost Reimbursement, Supply; Cost Reimbursement, Service | + | |TypeofContractOptional=Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Indefinite Delivery; Dismantling, Demolition or Removal of Improvements; Leasing of Motor Vehicles; Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service; Fixed Price, Supply; Cost Reimbursement, Supply; Cost Reimbursement, Service |
|PrescriptionOverview===Prescription== | |PrescriptionOverview===Prescription== | ||
Revision as of 21:28, 23 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: | Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Indefinite Delivery; Dismantling, Demolition or Removal of Improvements; Leasing of Motor Vehicles; Fixed Price, Construction; Time & Material/Labor Hour; Cost Reimbursement, Construction; Fixed Price, Service; Fixed Price, Supply; Cost Reimbursement, Supply; Cost Reimbursement, Service |
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.