Fixed price with prospective redetermination
WebFixed-Price Contracts with Prospective Price Redetermination Fixed-Ceiling-Price with Retroactive Price Redetermination Contracts Firm-Fixed-Price, Level of Effort Term Contracts. 6. Cost Reimbursement Type Contracts . Cost-reimbursement contract provides for payment of the allowable incurred costs to WebJan 25, 2013 · The respondent offers that the obligations imposed by the clause under a fixed-price contract with prospective price redetermination are onerous, and will require a contractor to implement accounting systems that are equipped to account for allowable costs substantially the same as a cost reimbursement contract.
Fixed price with prospective redetermination
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WebA type (family) of contract providing for a firm pricing arrangement established by the parties at the time of contracting. This family of contracts includes firm fixed price, fixed price with economic price adjustment, fixed price incentive, fixed price redetermination (prospective and retroactive), firm fixed price level of effort, and fixed price award fee. Web(a) A fixed-price contract with economic price adjustment provides for upward and downward revision of the stated contract price upon the occurrence of specified contingencies. Economic price adjustments are of three general types: (1) Adjustments based on established prices.
WebJul 2, 2024 · ( i) Fixed-price acquisitions made under simplified acquisition procedures; ( ii) Contracts on a firm-fixed-price basis other than those for major systems or research and … WebMar 20, 2013 · Are you talking about a fixed-price contract with prospective price predetermination (FAR 16.205), a fixed-price contract with retroactive price redetermination (FAR 16.206), or some other type of contract? ... Most fixed price redetermination proposals I have seen have used actual costs incurred as the basis for …
Webretroactive price redetermination Retroactive price redetermination within the ceiling after completion of the contract. Application Appropriate for research and development … 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 …
WebApr 29, 2024 · Prospective price redetermination is used in negotiated contracts when it is possible to establish a firm fixed price for an initial period, but not for subsequent periods of contract performance. FAR clause 52.216-5, Price Redetermination-Prospective, is included in these solicitations and contracts and requires a contractor to submit to the ...
WebFixed-Price Contracts with Prospective Price Redetermination Fixed-Ceiling-Price with Retroactive Price Redetermination Contracts Firm-Fixed-Price, Level of Effort Term … smallthorne historyWebA fixed-ceiling-price contract with retroactive price redetermination is appropriate for research and development contracts estimated at $150,000 or less when it is established … smallthorne health centreWebFixed-ceiling-price contract with retroactive price redetermination contract: This contract type is appropriate for research and development contracts estimated at $150,000 or … smallthorne petrol stationWebGraduate Teaching Administrator, Full Time MBA Student GPA 3.84 - Electives: Management Accounting, Negotiation Strategic Tactics, International Management smallthorne medical centreWebfixed price contract: A fixed-price contract, also known as a lump sum contract, is an agreement between a vendor or seller and a client that stipulates goods and/or services … hild multitracWebNov 6, 2024 · A 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 redetermination, at a stated time or times during performance, of the price for subsequent periods of performance. What to consider when negotiating a contract type? hild mosley springfield ilWebThe unit prices and the total price stated in this contract shall be periodically redetermined in accordance with this clause, except that (1) the prices for supplies delivered and … smallthorne irepair