48 CFR § 1252.216-70
Evaluation of offers subject to an economic price adjustment clause
November 17, 2020
As prescribed in (TAR) 48 CFR 1216.203-470, insert the following provision:
Evaluation of Offers Subject to an Economic Price Adjustment Clause (OCT 1994)
Offers shall be evaluated without an amount for an economic price adjustment being added. Offers will be rejected which: (1) Increase the ceiling stipulated; (2) limit the downward adjustment; or (3) delete the economic price adjustment clause. If the offer stipulates a ceiling lower than that included in the solicitation, the lower ceiling will be incorporated into any resulting contract.
(End of provision)
Tried the LawStack mobile app?
Join thousands and try LawStack mobile for FREE today.
- Carry the law offline, wherever you go.
- Download CFR, USC, rules, and state law to your mobile device.
