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48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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38 sections with “economic price adjustment clause”

  • 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 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…
  • 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…
  • 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…
  • 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…
  • 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 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…
  • 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 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 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 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 17.208 Solicitation provisions and contract clauses.
    …the time of contract award; (3) A firm-fixed-price contract, a fixed-price contract with economic price adjustment, or other type of contract approved under agency procedures is contemplated; and (4) The contracting officer has determined…
  • DFARS 204.1202 Solicitation provision and contract clause.
    …09-7002, Disclosure of Ownership or Control by a Foreign Government. (iii) 252.216-7008, Economic Price Adjustment—Wage Rates or Material Prices Controlled by a Foreign Government—Representation. (iv) 252.225-7000, Buy American—Balance of…
  • 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 42.302 Contract administration functions.
    …(7) Negotiate and definitize adjustments to contract prices resulting from exercise of an economic price adjustment clause (see subpart 16.2). (8) Issue change orders and negotiate and execute resulting supplemental agreements under contra…
  • 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…
  • DFARS 228.370-2 General.
    …ctivity and the assigned contract administration office on replacement, repair, or beyond economic repair decisions. (3) See PGI 228.370-2(f) for an example of accident or mishap damage versus workmanship-error damage. (g) Contracting off…
  • 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 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 17.207 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 22.404-12 Labor standards for contracts containing construction requirements and option provisions that extend the term of the contract.
    …based solely on a percentage rate determined by the contracting officer using a published economic indicator incorporated into the solicitation and resulting contract. At the exercise of each option to extend the term of the contract, the c…
  • FAR 52.245-1 Government Property.
    …loss, damage or destruction to Government property that reduces the Government's expected economic benefits of the property. Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear or …
  • DFARS 252.228-7001 Ground and Flight Risk.
    …i) Repaired to the condition immediately prior to the damage; or (iii) Considered beyond economic repair. The Contracting Officer will decide whether further actions are required under the contract. (4) If a covered aircraft that has been…
  • FAR 7.105 Contents of written acquisition plans.
    …(s) and underlying assumptions, including the rationale for quantity, learning-curve, and economic adjustment factors. Describe how objectives are to be applied, tracked, and enforced. Indicate specific related solicitation and contractual …
  • 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 14.201-9 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 15.407-1 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 16.201 General.
    …ted circumstances. The contracting officer shall use firm-fixed-price or fixed-price with economic price adjustment contracts when acquiring commercial products and commercial services, except as provided in 12.207(b). (b) Time-and-materia…
  • FAR 43.301 Use of forms.
    …ations that change the price of contracts for the acquisition of petroleum as a result of economic price adjustment, (ii) termination notices, and (iii) purchase order modifications as specified in 13.302-3. (3) If it is anticipated that a…
  • FAR 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services.
    … 2020) of 52.219-28. __(27) 52.219-29, Notice of Set-Aside for, or Sole-Source Award to, Economically Disadvantaged Women-Owned Small Business Concerns (OCT 2022) (15 U.S.C. 637(m)). __(28) 52.219-30, Notice of Set-Aside for, or Sole-Sour…
  • DFARS 242.7203 Review procedures.
    …15.403, or that are contracts priced on other than a firm-fixed-price or fixed-price with economic price adjustment basis. Sales include prime contracts, subcontracts, and modifications to such contracts and subcontracts. (c) Disposition o…

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.