48 CFR § 252.216-7008
Economic price adjustment—wage rates or material prices controlled by a foreign government—representation
November 17, 2020

As prescribed in 216.203-4-70(c)(2), use the following provision:

Economic Price Adjustment—Wage Rates or Material Prices Controlled by a Foreign Government—Representation (MAR 2012)

(a) By submission of its offer, the offeror represents that the prices set forth in this offer—

(1) Are based on the wage rate(s) or material price(s) established and controlled by the government of ________ (Offeror insert name of host country), and

(2) Do not include contingency allowances to pay for possible increases in wage rates or material prices.

(End of provision)

[77 FR 19131, Mar. 30, 2012]

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.