WebDec 9, 2024 · Contracts & Legal. Firm Fixed Price (FFP) Contract. A Firm-Fixed-Price (FFP) ( FAR Subpart 16.2) contract provides for a price that is not subject to any … Webestablishes a ceiling that the contractor may not exceed (except at their own risk) without the approval of the contracting officer. FAR § 16.301-1. Under a firm-fixed-price contract, the price is not subject to any adjustment on the basis of the contractor’s cost experience in performing the contract. FAR § 16.202-1.
PGI 217.7404-2 Price ceiling. Acquisition.GOV
WebDec 9, 2024 · Website: DFARS 216.2 – Fixed-Price Contracts. Firm-Fixed-Price (FFP) Incentives. The contracting officer may use a firm-fixed-price contract in conjunction with an Award-Fee Incentive ... Fixed-ceiling-price contracts with retroactive price redetermination (16.206): ... WebEstablishing a ceiling price for a Fixed-price incentive successive targets (FPIS) contract can be very tricky. According to DFARS PGI 216.403-2, the reason you would be doing an FPIS arrangement vs. and FPIF arrangement is because cost and pricing information were not sufficient to permit the negotiation of firm targets at the outset. crystallized obsidian minecraft cyclic
SUBPART 232.7 CONTRACT FUNDING - Under Secretary …
WebDec 30, 2024 · PGI 217.7404-2. Price ceiling. (1) The rationale for the not-to-exceed price will be documented and retained in the contract file. Examples of such supporting rationale include—. (iii) The contractor’s proposal. (2) The maximum not-to-exceed price is the firm-fixed price for firm-fixed price contracts, the ceiling price for fixed-price ... Web215.404 Proposal analysis.. 215.404-1 Proposal analysis techniques. (a) General. (i) Follow the procedures at PGI 215.404-1 (DFARS/PGI view) for proposal analysis. (ii) For spare … WebMar 22, 2024 · PGI 216.203-4 Contract clauses. PGI 216.203-4. Contract clauses. Contracting officers should use caution when incorporating Economic Price Adjustment (EPA) provisions in contracts. EPA provisions can result in significant and unanticipated price increases which can have major adverse impacts to a program. EPA provisions … crystallized online sequencer