Fixed price redeterminable
WebCost escalation often occurs on fixed-price redeterminable contracts. On these, the price can be recomputed later on or such reasons as high technical risk by the contractor or fluctuating costs for strategic materials. Unless the government bears down hard, this arrangement can become virtually a cost-plus-profit contract. Web(i) A firm-fixed-price contract awarded on the basis of adequate price competition; (ii) A fixed-price contract with economic price adjustment awarded on the basis of adequate price competition; (iii) A firm-fixed-price contract for the acquisition of a commercial product or commercial service;
Fixed price redeterminable
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WebMar 7, 2013 · Under a fixed-price contract, residual inventory belongs to the contractor after it has liquidated any financing payments. So under a fixed-price incentive contract you … Web- fixed-price contract - fixed-price contract with redetermination - fixed-price redeterminable prospective contract - fixed-term contract - flat fee contract - formal contract - forward contract - framework contract - freight contract - futures contract - general contract - general freight contract - global contract - government contract ...
WebA fixed-price contract with prospective price redetermination provides for (a) A firm fixed price for an initial period of contract deliveries or performance; and (b) Prospective … WebPrice adjustment amounts must consider both increases and decreases ( e.g., a $500,000 modification resulting from a reduction of $1,500,000 and an increase of $1,000,000 is a $2,500,000 pricing adjustment exceeding the $2,000,000 threshold).
Webсодержит лишь основные согласованные условия, которые не считаются окончательными и подлежат последующему уточнению в ходе выполнения соответствующих работ Web( 2) Established final indirect cost rates shall be used in negotiating the final price of fixed-price incentive and fixed-price redeterminable contracts and in other situations requiring that indirect costs be settled before contract prices are established, unless the quick-closeout procedure in 42.708 is used.
WebMar 7, 2013 · Under a fixed-price contract, residual inventory belongs to the contractor after it has liquidated any financing payments. So under a fixed-price incentive contract you deduct the market value of residual inventory from the total incurred cost before applying the profit adjustment formula.
Weband material, labor hour, fixed-price incentive, and fixed-price redeterminable contracts, orders, and delivery orders. Specifically, in lieu of the thresholds at FAR 42.708(a)(2)(i) … birthday card ideas for womenWebFind the legal definition of FIXED PRICE REDETERMINABLE CONTRACT from Black's Law Dictionary, 2nd Edition. A contract that gives review and retroactive revision on … danish modern furniture booksWeb- fixed-price contract - fixed-price contract with redetermination - fixed-price redeterminable prospective contract - fixed-term contract - flat fee contract - formal contract - forward contract - framework contract - freight contract - futures contract - general contract - general freight contract - global contract - government contract ... danish modern furniture minneapolisWebTwo million dollars were made available in FY2012 funds for the procurement. The Army negotiated a fixed-price- redeterminable contract with Acme to manufacture the … birthday card ideas for your best friendWebFixed-Price Redeterminable (FPR) contract: A type of fixed-price contract that contains provisions for subsequently negotiated adjustment, in whole or in part, of the initially negotiated base price. Fixed-Price with economic price adjustment contract: A fixed-price contract that permits an element of cost to fluctuate to reflect current market ... danish modern leather chairsWebMatching question - match the explanation with the right type of contract o Question Selected Match Contractor gains when total cost is less than target; loses when cost is … birthday card ideas for your grandmaWebFixed price redeterminable contracts, such as petitioner had with General Electric, are used with respect to new items where the Government or a prime contractor is uncertain at the time of the making of the contract as to the production costs of the item and is unable to make a reasonable estimate of such costs. danish modern furniture near marlton nj