SpendQueryBeta

FAR and DFARS › DFARS Part 252: Solicitation Provisions and Contract Clauses › Subpart 252.2

DFARS 252.216-7007 Economic price adjustment—basic steel, aluminum, brass, bronze, or copper mill products-representation.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This DFARS provision requires an offeror to represent, when submitting an offer, that the unit price in the offer does not exceed the offeror's established price in effect on the bid opening date (or contract date for negotiated contracts) for like quantities of the same item. It matters because the offeror must confirm its pricing is consistent with its own established price, net of standard trade discounts.

Applies to: Offerors submitting offers for basic steel, aluminum, brass, bronze, or copper mill products

What it requires

  • By submitting an offer, represent that the unit price stated in the offer is not in excess of the offeror's established price in effect on the date set for opening of bids, or the contract date if negotiated, for like quantities of the same item
  • Identify the item in the offer

Key terms: established price · unit price · like quantities · standard trade discounts · net price

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

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

Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products—Representation (MAR 2012)

(a) Definitions. The terms “established price” and “unit price,” as used in this provision, have the meaning given in the clause 252.216-7000, Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products.

(b) By submission of its offer, the offeror represents that the unit price stated in this offer for ________________ (Identify the item) is not in excess of the offeror's established price in effect on the date set for opening of bids (or the contract date if this is to be a negotiated contract) for like quantities of the same item. This price is the net price after applying any applicable standard trade discounts offered by the offeror from its catalog, list, or schedule price.

(End of provision)

Sections it refers to

  • 216.203-4 Contract clauses.
  • 252.216-7000 Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products.

Sections that refer to it

← 252.216-7006 [Reserved] · 252.216-7008 Economic price adjustment—wage rates or material prices controlled by a foreign government—representation. →

Rule changes for DFARS Part 252

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

DFARS 252.216-7007 Economic price adjustment—basic steel, aluminum, brass, bronze, or copper mill products-representation · SpendQuery