48 C.F.R. § 1852.216-83

Current through March 31, 2024
Section 1852.216-83 - Fixed price incentive

As prescribed in 1816.406-70(c), insert the following clause:

FIXED PRICE INCENTIVE (OCT 1996)

The target cost of this contract is $___. The Target profit of this contract is $___. The target price (target cost plus target profit) of this contract is $___. [The ceiling price is $___.]

The cost sharing for target cost underruns is: Government __ percent; Contractor __ percent.

The cost sharing for target cost overruns is: Government __ percent; Contractor __ percent.

(End of clause)

48 C.F.R. §1852.216-83

62 FR 3486, 1/23/1997, as amended at 62 FR 36733, 7/9/1997