Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 5 - General Services Administration |
SubChapter C - Contracting Methods and Contract Types |
Part 516 - Types of Contracts |
Subpart 516.2 - Fixed Price Contracts |
§ 516.203-70 - EPA in FSS multiple award schedules.
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(a) If the FSS multiple award schedule solicitation contains an EPA clause, the contracting officer should establish negotiation objectives reflecting the terms of the clause and seek appropriate discounts. If the clause is not included in the initial solicitation but is negotiated in, it must be added to the contracts at the time of award. Its inclusion is contingent on the approval of the contracting director, the need for an EPA clause, and the concessions granted by the offeror for its inclusion in the contract.
(b) The contract price ceiling may be raised during the contract period only under the following conditions:
(1) Analysis of the current market conditions, conducted in conjunction with the Office of Commodity Management (FC), reveals that the original contract price ceiling is inadequate.
(2) The causes which require an increase in the price ceiling are not unique to an individual contractor, but affect all suppliers for similar products.
(3) The HCA approves the determination to raise the ceiling.