Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4

OMB 9000-0068

OMB 9000-0068

FAR 16.203, Fixed-price contracts with economic price adjustment, and associated clauses at 52.216-2, 52.216-3, and 52.216-4 provide for upward and downward revision of the stated contract price upon occurrence of specified contingencies. In order for the contracting officer to be aware of price changes, the firm must provide pertinent information to the Government.

The latest form for Economic Price Adjustment -- FAR Sections Affected: 16.203; 52.216-2; 52.216-3; and 52.216-4 expires 2022-09-30 and can be found here.

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