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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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37 sections with “price or fee adjustment”

  • FAR 52.203-10 Price or Fee Adjustment for Illegal or Improper Activity.
    As prescribed in 3.104-9(b) insert the following clause: Price or Fee Adjustment for Illegal or Improper Activity (MAY 2014) (a) The Government, at its election, may reduce the price of a fixed-price type contract and the total cost and f…
  • FAR 52.215-11 Price Reduction for Defective Certified Cost or Pricing Data—Modifications.
    As prescribed in 15.408(c), insert the following clause: Price Reduction for Defective Certified Cost or Pricing Data—Modifications (JUN 2020) (a) This clause shall become operative only for any modification to this contract involving a p…
  • FAR 52.229-6 Taxes—Foreign Fixed-Price Contracts.
    As prescribed in 29.402-1(a), insert the following clause: Taxes—Foreign Fixed-Price Contracts (FEB 2013) (a) To the extent that this contract provides for furnishing supplies or performing services outside the United States and its outly…
  • DFARS 215.404-71-3 Contract type risk and working capital adjustment.
    …adjustment added to the profit objective for contract type risk. It only applies to fixed-price contracts that provide for progress payments. Though it uses a formula approach, it is not intended to be an exact calculation of the cost of wo…
  • FAR 36.208 Concurrent performance of firm-fixed-price and other types of construction contracts.
    In view of potential labor and administrative problems, cost-plus-fixed-fee, price-incentive, or other types of contracts with cost variation or cost adjustment features shall not be permitted concurrently, at the same work site, with firm-…
  • FAR 15.407-1 Defective certified cost or pricing data.
    (a) If, before agreement on price, the contracting officer learns that any certified cost or pricing data submitted are inaccurate, incomplete, or noncurrent, the contracting officer shall immediately bring the matter to the attention of th…
  • FAR 30.604 Processing changes to disclosed or established cost accounting practices.
    …he CFAO determines the change is a desirable change, the CFAO shall negotiate any cost or price adjustments that may be needed to resolve the cost impact (see 30.606). (3) If the request is denied, the change is a unilateral change and sha…
  • FAR 49.502 Termination for convenience of the Government.
    (a) Fixed-price contracts that do not exceed the simplified acquisition threshold (short form)—(1) General use. The contracting officer shall insert the clause at 52.249-1, Termination for Convenience of the Government (Fixed-Price) (Short …
  • FAR 52.226-1 Utilization of Indian Organizations and Indian-Owned Economic Enterprises.
    …rget cost of a cost-plus-incentive-fee prime contract. (iii) The target cost and ceiling price of a fixed-price incentive prime contract. (iv) The price of a firm-fixed-price prime contract. (3) The amount of the adjustment to the prime …
  • FAR 52.229-4 Federal, State, and Local Taxes (State and Local Adjustments).
    …y in any of those areas. (b)(1) Unless otherwise provided in this contract, the contract price includes all applicable Federal, State, and local taxes and duties, except as provided in subparagraph (b)(2)(i) of this clause. (2) Taxes impo…
  • DFARS 252.246-7001 Warranty of data.
    …d by the Government, inform the Contractor by written notice that the Government elects a price or fee adjustment instead of correction or replacement. (2) If the Contractor refuses or fails to comply with a direction under paragraph (d) (…
  • FAR 3.104-7 Violations or possible violations.
    …propriate contractual remedies, including profit recapture under the clause at 52.203-10, Price or Fee Adjustment for Illegal or Improper Activity, or, if the contract has been rescinded under paragraph (d)(2)(ii) of this subsection, recove…
  • FAR 46.407 Nonconforming supplies or services.
    …e Government. Subparagraph (e)(2) of the clause at 52.246-2, Inspection of Supplies—Fixed-Price, reserves to the Government the right to charge the contractor the cost of Government reinspection and retests because of prior rejection. (c)(…
  • FAR 52.243-1 Changes—Fixed-Price.
    …ng clause. The 30-day period may be varied according to agency procedures. Changes—Fixed-Price (AUG 1987) (a) The Contracting Officer may at any time, by written order, and without notice to the sureties, if any, make changes within the g…
  • FAR 2.101 Definitions.
    …bstantial quantities in the commercial marketplace based on established catalog or market prices for specific tasks performed or specific outcomes to be achieved and under standard commercial terms and conditions. For purposes of these serv…
  • FAR 12.207 Contract type.
    (a) Except as provided in paragraph (b) of 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…
  • FAR 15.408 Solicitation provisions and contract clauses.
    …alue, the contracting officer shall use the clause with— (1) Its Alternate I, if a fixed-price incentive contract is contemplated; or (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. (b) Price Reduction for De…
  • 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 17.207 Exercise of options.
    …n 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 prices u…
  • FAR 30.605 Processing noncompliances.
    (a) General. Prior to making any contract price or cost adjustments under the applicable paragraph(s) addressing noncompliance at 52.230-2, 52.230-3, or 52.230-5, the CFAO shall determine that— (1) The contemplated contract price or cost a…
  • FAR 48.104-2 Sharing acquisition savings.
    …ficer shall add any negative instant contract savings to the target cost or to the target price and ceiling price and then offset these negative instant contract savings and any Government costs against concurrent and future contract saving…
  • FAR 49.115 Settlement of terminated incentive contracts.
    (a) Fixed-price incentive contracts. The TCO shall settle terminated fixed-price incentive (FPI) contracts under the provisions of paragraph (j) of the clause at 52.216-16, Incentive Price Revision—Firm Target, and 52.249-2, Termination for…
  • FAR 52.212-4 Contract Terms and Conditions—Commercial Products and Commercial Services.
    …conforming supplies or reperformance of nonconforming services at no increase in contract price. If repair/replacement or reperformance will not correct the defects or is not possible, the Government may seek an equitable price reduction or…
  • FAR 52.230-6 Administration of Cost Accounting Standards.
    …ition provisions of CAS-covered contracts and subcontracts affected by the change. Fixed-price contracts and subcontracts means— (1) Fixed-price contracts and subcontracts described at FAR 16.202, 16.203, (except when price adjustments ar…
  • FAR 52.242-15 Stop-Work Order.
    …ntracting Officer shall make an equitable adjustment in the delivery schedule or contract price, or both, and the contract shall be modified, in writing, accordingly, if— (1) The stop-work order results in an increase in the time required …
  • FAR 52.248-1 Value Engineering.
    …d implementation costs; (2) Concurrent contract savings, which are net reductions in the prices of other contracts that are definitized and ongoing at the time the VECP is accepted; and (3) Future contract savings, which are the product o…
  • FAR 52.248-3 Value Engineering—Construction.
    …ge to this, the instant contract, to implement; and (2) Results in reducing the contract price or estimated cost without impairing essential functions or characteristics; provided, that it does not involve a change— (i) In deliverable end…
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    …ny purchaser and (ii) may acquire the property under the conditions prescribed by, and at prices approved by, the Contracting Officer. The proceeds of any transfer or disposition will be applied to reduce any payments to be made by the Gove…
  • DFARS 244.305-70 Policy.
    …nd submit a corrected proposal; (ii) Considering another type of contract, e.g., a fixed-price incentive (firm target) contract instead of firm-fixed-price; (iii) Using additional cost analysis techniques to determine the reasonableness o…
  • FAR 16.202-1 Description.
    A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsi…
  • FAR 3.104-9 Contract clauses.
    …, Rescission, and Recovery of Funds for Illegal or Improper Activity; and (b) 52.203-10, Price or Fee Adjustment for Illegal or Improper Activity.
  • FAR 31.205-35 Relocation costs.
    …escribed in paragraph (a)(4) of this subsection, shall not exceed 14 percent of the sales price of the property sold. (4) Continuing costs of ownership of the vacant former actual residence being sold, such as maintenance of building and g…
  • FAR 42.1503 Procedures.
    …hnical (quality of product or service). (ii) Cost control (not applicable for firm-fixed-price or fixed-price with economic price adjustment arrangements). (iii) Schedule/timeliness. (iv) Management or business relations. (v) Small busi…
  • FAR 52.245-1 Government Property.
    …ovisions or other specific requirements for passage of title in the contract. Under fixed price type contracts, in the absence of financing provisions or other specific requirements for passage of title in the contract, the Contractor retai…
  • DFARS 242.7502 Policy.
    …ficer who incorporates a reopener clause into the contract is responsible for negotiating price adjustments required by the clause. Any reopener clause necessitated by a deficiency should— (i) Clearly identify the amounts and items that ar…
  • FAR 52.233-3 Protest After Award.
    …ntracting Officer shall make an equitable adjustment in the delivery schedule or contract price, or both, and the contract shall be modified, in writing, accordingly, if— (1) The stop-work order results in an increase in the time required …
  • FAR 16.402-1 Cost incentives.
    …t profit or fee, and a profit or fee adjustment formula that (within the constraints of a price ceiling or minimum and maximum fee) provides that— (1) Actual cost that meets the target will result in the target profit or fee; (2) Actual c…

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.