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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 2 - Defense Acquisition Regulations System, Department of Defense |
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SubChapter C - Contracting Methods and Contract Types |
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Part 216 - Types of Contracts |
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Subpart 216.2 - Fixed-Price Contracts |
§ 216.203-4 - Contract clauses.
Latest version.
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216.203-4 Contract clauses.
(1) Generally, use the clauses at FAR 52.216-2, Economic Price Adjustment - Standard Supplies, FAR 52.216-3, Economic Price Adjustment - Semistandard Supplies, and FAR 52.216-4, Economic Price Adjustment - Labor and Material, only when -
(i) The total contract price exceeds the simplified acquisition threshold; and
(ii) Delivery or performance will not be completed within 6 months after contract award.
(2) Follow the procedures at PGI 216.203-4 when using an economic price adjustment clause based on cost indexes of labor or material.
[71 FR 39007, July 11, 2006]