SpendQueryBeta

48 CFR · Federal Acquisition Regulation and Defense supplement

FAR and DFARS navigator

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.

Ask the FAR

Try: · · ·

Clear

63 sections with “Economic Price Adjustment”: the first 40

  • FAR 14.408-4 Economic price adjustment.
    (a) Bidder proposes economic price adjustment. (1) When a solicitation does not contain an economic price adjustment clause but a bidder proposes one with a ceiling that the price will not exceed, the bid shall be evaluated on the basis of …
  • DFARS 252.216-7007 Economic price adjustment—basic steel, aluminum, brass, bronze, or copper mill products-representation.
    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 p…
  • FAR 52.216-2 Economic Price Adjustment—Standard Supplies.
    As prescribed in 16.203-4(a), insert the following clause: Economic Price Adjustment—Standard Supplies (NOV 2021) (a) The Contractor warrants that the unit price stated in the Schedule for ____ [offeror insert Schedule line item number] i…
  • FAR 52.216-3 Economic Price Adjustment—Semistandard Supplies.
    As prescribed in 16.203-4(b), insert the following clause: Economic Price Adjustment—Semistandard Supplies (NOV 2021) (a) The Contractor warrants that the supplies identified as line items ____ [offeror insert Schedule line item number] i…
  • FAR 52.216-4 Economic Price Adjustment—Labor and Material.
    As prescribed in 16.203-4(c), insert the following clause: Economic Price Adjustment—Labor and Material (JAN 2017) (a) The Contractor shall notify the Contracting Officer if, at any time during contract performance, the rates of pay for l…
  • DFARS 252.216-7000 Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products.
    As prescribed in 216.203-4-70(a)(1), use the following clause: Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products (JAN 2023) (a) Definitions. As used in this clause— Established price means a price wh…
  • DFARS 252.216-7001 Economic Price Adjustment-Nonstandard Steel Items.
    As prescribed in 216.203-4-70(b), use the following clause: Economic Price Adjustment—Nonstandard Steel Items (JAN 2023) (a) Definitions. As used in this clause— Base labor index means the average of the labor indices for the three month…
  • DFARS 252.216-7003 Economic price adjustment—wage rates or material prices controlled by a foreign government.
    As prescribed in 216.203-4-70(c)(1), use the following clause: Economic Price Adjustment—Wage Rates or Material Prices Controlled by a Foreign Government (MAR 2012) (a) As represented by the Contractor in its offer, the prices set forth i…
  • DFARS 252.216-7008 Economic price adjustment—wage rates or material prices controlled by a foreign government—representation.
    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 …
  • FAR 16.203 Fixed-price contracts with economic price adjustment.
  • DFARS 216.203 Fixed-price contracts with economic price adjustment.
  • DFARS 215.404-71-3 Contract type risk and working capital adjustment.
    …cost of working capital under varying contract circumstances, financing policies, and the economic environment. (b) Determination. The following extract from the DD 1547 is annotated to explain the process. (1) Select a value from the lis…
  • FAR 52.226-1 Utilization of Indian Organizations and Indian-Owned Economic Enterprises.
    …6.104, insert the following clause: Utilization of Indian Organizations and Indian-Owned Economic Enterprises (JUN 2000) (a) Definitions. As used in this clause: Indian means any person who is a member of any Indian tribe, band, group, p…
  • FAR 12.207 Contract type.
    …this section, agencies shall use firm-fixed-price contracts or fixed-price contracts with economic price adjustment for the acquisition of commercial products or commercial services. (b)(1) A time-and-materials contract or labor-hour contr…
  • FAR 16.203-4 Contract clauses.
    …ontracting officer shall, when contracting by negotiation, insert the clause at 52.216-2, Economic Price Adjustment—Standard Supplies, or an agency-prescribed clause as authorized in subparagraph (2) below, in solicitations and contracts wh…
  • DFARS 216.203-4-70 Additional provisions and clauses.
    …ass, bronze, or copper mill products. (1)(i) The price adjustment clause at 252.216-7000, Economic Price Adjustment—Basic Steel, Aluminum, Brass, Bronze, or Copper Mill Products, may be used in fixed-price supply solicitations and contracts…
  • FAR 16.203-1 Description.
    (a) A fixed-price contract with economic price adjustment provides for upward and downward revision of the stated contract price upon the occurrence of specified contingencies. Economic price adjustments are of three general types: (1) Adj…
  • FAR 17.109 Contract clauses.
    …Contracts, in solicitations and contracts when a multiyear contract is contemplated. (b) Economic price adjustment clauses. Economic price adjustment clauses are adaptable to multiyear contracting needs. When the period of production is li…
  • FAR 32.501-3 Contract price.
    …ount for any unpriced modifications. (2) If the contract is redeterminable or subject to economic price adjustment, the contract price is the initial price until modified. (3) Under a fixed-price incentive contract, the contract price is …
  • FAR 36.207 Pricing fixed-price construction contracts.
    …e to expend unusual effort to develop adequate estimates. (c) Fixed-price contracts with economic price adjustment may be used if such a provision is customary in contracts for the type of work being acquired, or when omission of an adjust…
  • DFARS 216.203-4 Contract clauses.
    (1) Generally, use the clauses at FAR 52.216-2, Economic Price Adjustment—Standard Supplies, FAR 52.216-3, Economic Price Adjustment—Semistandard Supplies, and FAR 52.216-4, Economic Price Adjustment—Labor and Material, only when— (i) The …
  • FAR 2.101 Definitions.
    … does not involve a process of valuation. Useful life refers to the prospective period of economic usefulness in a particular contractor's operations as distinguished from physical life; it is evidenced by the actual or estimated retirement…
  • FAR 15.408 Solicitation provisions and contract clauses.
    … contemplated that a make-or- buy program will be incorporated in the contract. If a less economical “make” or “buy” categorization is selected for one or more items of significant value, the contracting officer shall use the clause with— …
  • FAR 16.203-2 Application.
    A fixed-price contract with economic price adjustment may be used when (i) there is serious doubt concerning the stability of market or labor conditions that will exist during an extended period of contract performance, and (ii) contingenci…
  • FAR 52.204-8 Annual Representations and Certifications.
    …ice evaluation preference; or (iii) Is an 8(a), HUBZone, service-disabled veteran-owned, economically disadvantaged women-owned, or women-owned small business set-aside or sole-source award regardless of dollar value. (b)(1) If the provis…
  • FAR 12.214 Cost Accounting Standards.
    …l services when these contracts and subcontracts are firm-fixed-price or fixed-price with economic price adjustment (provided that the price adjustment is not based on actual costs incurred). See 30.201-1 for CAS applicability to fixed-pric…
  • FAR 14.502 Conditions for use.
    …e of the two-step method. (5) A firm-fixed-price contract or a fixed-price contract with economic price adjustment will be used. (b) None of the following precludes the use of two-step sealed bidding: (1) Multi-year contracting. (2) Gov…
  • FAR 16.104 Factors in selecting contract types.
    …contract performance. (g) Period of performance or length of production run. In times of economic uncertainty, contracts extending over a relatively long period may require economic price adjustment or price redetermination clauses. (h) C…
  • FAR 17.106-3 Special procedures applicable to DoD, NASA, and the Coast Guard.
    …ntracts awarded under the multiyear procedure shall be firm-fixed-price, fixed-price with economic price adjustment, or fixed-price incentive. (e) Recurring costs in cancellation ceiling. The inclusion of recurring costs in cancellation ce…
  • FAR 17.207 Exercise of options.
    …tor within the time period specified in the contract. (b) When the contract provides for economic price adjustment and the contractor requests a revision of the price, the contracting officer shall determine the effect of the adjustment on…
  • FAR 31.204 Application of principles and procedures.
    … to any tier above the first firm-fixed-price subcontract or fixed-price subcontract with economic price adjustment provisions. (c) Costs incurred as payments under firm-fixed-price subcontracts or fixed-price subcontracts with economic pr…
  • DFARS 217.172 Multiyear contracts for supplies.
    …erials necessary to manufacture a weapon system, including advance procurement to achieve economic lot purchases or more efficient production rates (see paragraphs (h)(3) and (4) of this section regarding economic order quantity procurement…
  • FAR 3.103-1 Solicitation provision.
    …rmination, in solicitations when a firm-fixed-price contract or fixed-price contract with economic price adjustment is contemplated, unless— (a) The acquisition is to be made under the simplified acquisition procedures in part 13; (b) [Re…
  • FAR 12.403 Termination.
    …work performed prior to the notice of the termination for fixed-price or fixed-price with economic price adjustment contracts; or (B) An amount for direct labor hours (as defined in the Schedule of the contract) determined by multiplying t…
  • FAR 14.104 Types of contracts.
    … when the method of contracting is sealed bidding, except that fixed-price contracts with economic price adjustment clauses may be used if authorized in accordance with 16.203 when some flexibility is necessary and feasible. Such clauses mu…
  • FAR 14.201-1 Uniform contract format.
    … inconsistent with the uniform contract format. (5) Firm-fixed-price or fixed-price with economic price adjustment acquisitions that use the simplified contract format (see 14.201-9). (b) Information suitable for inclusion in invitations …
  • FAR 14.201-9 Simplified contract format.
    Policy. For firm-fixed-price or fixed-price with economic price adjustment acquisitions of supplies and services, the contracting officer may use the simplified contract format in lieu of the uniform contract format (see 14.201-1). The cont…
  • FAR 15.305 Proposal evaluation.
    …ice reasonableness. Therefore, when contracting on a firm-fixed-price or fixed-price with economic price adjustment basis, comparison of the proposed prices will usually satisfy the requirement to perform a price analysis, and a cost analys…
  • FAR 15.407-1 Defective certified cost or pricing data.
    …ll fixed-price contracts except firm-fixed-price contracts and fixed-price contracts with economic price adjustment, payments to subcontractors that are higher than they would be had there been no defective subcontractor certified cost or p…
  • FAR 16.102 Policies.
    …ing from sealed bidding shall be firm-fixed-price contracts or fixed-price contracts with economic price adjustment. (b) Contracts negotiated under part 15 may be of any type or combination of types that will promote the Government's inter…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.