Incentive price revision firm target
WebINCENTIVE PRICE REVISION--SUCCESSIVE TARGET (a) General . The supplies or services identified in the subcontract as item numbers ______ are subject to price revision in accordance with this clause; provided, that in no event shall the total final price of these items exceed the ceiling price of ______ dollar ($______). WebDec 15, 2024 · The revision reads as follows: 52.216–16 Incentive Price Revision—Firm Target. * * * * * Incentive Price Revision—Firm Target (Jan 2024) * * * * * 5. Amend section 52.216–17 by— a. Revising the date of clause; and b. Removing from paragraph (i)(2) the phrase ‘‘by the amount of any applicable tax credits due the Contractor under 26
Incentive price revision firm target
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WebIncentive Price Revision – Firm Target UT-B Contracts Div Jan 2006 Page 2 of 2 incent-price-rev-firm-ext-utbx-jan06.doc (ii) The total costs (estimated to the extent necessary) reasonably incurred for, and properly allocable solely to, the supplies delivered (or services performed) and accepted by the Company and for which final prices have ... Web52.216-16 Incentive price revision – firm target. 52.216-17 Incentive price revision – successive target. Other KSAs 1. Knowledge of business risks commonly associated with different types of requirements. 10-2. UNIT 10: PRICING ARRANGEMENTS October 2003 2. Knowledge of the pricing arrangements used by commercial firms.
WebJun 1, 2024 · A fixed-price incentive (successive target) contract (FAR 16.403-2) is an incentive type contract that operates in the same way as a Fixed Price Incentive (firm target) contract except that one or more revisions in the target cost and target profit may be made during performance. WebThe terms required by the Incentive Price Revision – Firm Target clause appear below. Target Cost: $1,000,000 Target Profit: $ 150,000 Target Price: $1,150,000 Ceiling Price: $1,250,000 Gov't/KTR Share: 80/20 under, 90/10 over Though still below PTA, Williams informs you that they are expecting to exceed target cost by $100,000.
WebThe contract type is implemented by calling out FAR Clause 52.216-16 Incentive Price Revision - Firm Target. This clause captures the Ceiling Price as well as the government share ratio(s). If multiple line items are identified as FPI type, the individual line item information shall be included here, otherwise final contract costs and price are ... WebFAR 52.216-16 INCENTIVE PRICE REVISION FIRM TARGET (OCT 1997) ("Contracting Officer," "Contract Administrative Office" and "Government" mean "Lockheed Martin." Paragraph (i) is deleted. The blanks in the clause are completed with the amounts specified in the Contract. Not applicable to Commercial Items as defined in FAR 2.101)
WebDec 15, 2024 · The revision reads as follows: Incentive Price Revision—Firm Target. * * * * * Incentive Price Revision—Firm Target (Jan 2024) * * * * * 5. Amend section 52.216-17 …
WebFAR 52.216-16 Incentive Price Revision-Firm Target. Alt I (Apr 1984) (Current) Prescription As prescribed in 16.406 (a), insert the clause at 52.216-16, Incentive Price Revision—Firm … dysons menswearWeb(3) If the total firm target cost plus the total firm target profit represent a reasonable price for performing that part of the subcontract subject to price revision under this clause, the … dyson smart watchWeb(l) Exclusion from target price and total final price. If any clause of this contract provides that the contract price does not or will not include an amount for a specific purpose, then … dyson smartthingsWebThere are six newer FPI CLINs that I have requested to be included at the Target Price since the costs do not exceed it. (Reference FAR 32.501-3 (a) (3)). A previous contract modification changed the management and reporting of FPI CLINs from individual cost reporting and execution, to a whole contract basis (see Note T below). dyson smith hudlWeb(2) After approval is granted, promptly negotiate with the Contracting Officer an equitable reduction in the contract price in accordance with paragraph (k) of the Incentive Price Revision - Firm Target clause or paragraph (m) of the Incentive Price Revision - Successive Targets clause of this contract. dyson smart vacuum cleanerWeb52.216-16 Incentive Price Revision - Firm Target. As prescribed in 16.406 (a), insert the following clause: Incentive Price Revision—Firm Target (JAN 2024) (a) General. c section bracketsWeb52.216–16 Incentive Price Revision— Firm Target. As prescribed in 16.406(a), insert the following clause: INCENTIVE PRICE REVISION—FIRM TARGET (OCT 1997) (a) General. The supplies or services identi-fied in the Schedule as Items ll [Contracting Officer insert Schedule line item numbers] are subject to price revision in ac- dyson smart light