WebA 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 … 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.

What is fixed price? Definition from TechTarget

Webfixed 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 … WebFAR 52.216-6 Price Redetermination-Retroactive. Basic (Jan 2024) (Current) As prescribed in 16.206-4, the contracting officer shall, when contracting by negotiation, insert the clause at 52.216-6, Price Redetermination-Retroactive, in solicitations and contracts when a fixed-price contract is contemplated and the conditions in 16.206-2 and 16. ... how to stop st augustine grass from spreading

SUBPART 16.2 – FIXED–PRICE CONTRACTS Acquisition.GOV

WebThis preview shows page 2 - 4 out of 8 pages. b) Fixed-price incentive firm. c) Fixed-price prospective redetermination. d) Fixed-price economic price adjustment. 8. The fixed … 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 … read my page that\u0027s up on my computer