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id="FAR_52_216_17"
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xtrc="GFI">
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<title class="- topic/title ">
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<ph class="- topic/ph " props="autonumber">52.216-17</ph> Incentive Price Revision
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<ph class="- topic/ph " props="autonumber">52.216-17</ph> Incentive Price Revision—Successive
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Targets.</title>
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<conbody class="- topic/body concept/conbody " outputclass="clause">
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<p class="- topic/p " id="d3245e8">As prescribed
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@@ -18,7 +18,7 @@ in <ph class="- topic/ph " outputclass="ClauseProvisionXREF">
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href="16.406.dita#FAR_16_406"
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outputclass="fm:ParaNumOnly">16.406</xref>(b)</ph>, insert
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the following clause:</p>
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<p class="- topic/p " id="d3245e15" outputclass="Ctr_SmCaps">Incentive Price Revision
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<p class="- topic/p " id="d3245e15" outputclass="Ctr_SmCaps">Incentive Price Revision—Successive Targets
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(Jan 2022)</p>
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<ol class="- topic/ol " id="d3210e25">
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<li class="- topic/li ">
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@@ -42,7 +42,7 @@ which include an initial target profit of <cite class="- topic/cite "
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xtrc="52.216-17_d3233e45"
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xtrf="GFI">___________
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[<i class="+ topic/ph hi-d/i ">Contracting Officer insert percent</i>]</cite> percent of the
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initial target cost. Any supplies or services that are to be
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initial target cost. Any supplies or services that are to be—</p>
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<ol class="- topic/ol " id="d3210e44">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e42">
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@@ -65,7 +65,7 @@ as such in a modification to this contract.</p>
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with <xref base="i1086363"
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class="- topic/xref "
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href="Part_31.dita#FAR_Part_31"
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outputclass="fm:Part">part
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outputclass="fm:Part">part 31</xref> of the Federal
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Acquisition Regulation (FAR) in effect on the date of this contract.</p>
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</li>
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<li class="- topic/li " props="Runin">
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@@ -100,12 +100,12 @@ statement of all costs incurred in the performance of this contract
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through the end of the month specified above, in the format of <xref base="i1106753"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408/i1106753"
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outputclass="fm:Table">Table
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outputclass="fm:Table">Table 15-2</xref>, FAR <xref base="i1106593"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408"
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outputclass="fm:ParaNumOnly">15.408</xref> (or in any other
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form on which the parties may agree), with sufficient supporting
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data to disclose unit costs and cost trends for
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data to disclose unit costs and cost trends for—</p>
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<ol class="- topic/ol " id="d3210e127">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e100">
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@@ -129,12 +129,12 @@ of costs incurred plus an estimate of costs to complete performance, in
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the format of <xref base="i1106753"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408/i1106753"
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outputclass="fm:Table">Table
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outputclass="fm:Table">Table 15-2</xref>,
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FAR <xref base="i1106593"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408"
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outputclass="fm:ParaNumOnly">15.408</xref> (or in any other
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form on which the parties may agree), together with
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form on which the parties may agree), together with—</p>
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e122">
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@@ -155,13 +155,13 @@ used to establish the initial target prices.</p>
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<p class="- topic/p " id="d3245e132">
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<ph class="- topic/ph " props="autonumber">(2)</ph> The Contractor
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shall also submit, to the extent that it becomes available before
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negotiations establishing the total firm price are concluded
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negotiations establishing the total firm price are concluded—</p>
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<ol class="- topic/ol " id="d3210e195">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e138">
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<ph class="- topic/ph " props="autonumber">(i)</ph> Supplemental
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statements of costs incurred after the end of the month specified
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in paragraph (1) of this section for
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in paragraph (1) of this section for—</p>
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<ol class="- topic/ol " id="d3210e205">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e144">
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@@ -202,7 +202,7 @@ established in accordance with the Interest clause.</p>
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<ph class="- topic/ph " props="autonumber">(d)</ph>
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<i class="+ topic/ph hi-d/i ">Establishing
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firm fixed price or final profit adjustment formula</i>. Upon the
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Contracting Officer
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Contracting Officer's receipt of the data required by paragraph
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(c) of this section, the Contracting Officer and the Contractor
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shall promptly establish either a firm fixed price or a profit adjustment
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formula for determining final profit, as follows:</p>
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@@ -313,12 +313,12 @@ in paragraph (a) of this section, the Contractor shall submit in
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the format of <xref base="i1106753"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408/i1106753"
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outputclass="fm:Table">Table
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outputclass="fm:Table">Table 15-2</xref>,
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FAR <xref base="i1106593"
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class="- topic/xref "
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href="15.408.dita#FAR_15_408"
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outputclass="fm:ParaNumOnly">15.408</xref> (or in any other
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form on which the parties agree)
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form on which the parties agree)—</p>
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<ol class="- topic/ol " id="d3210e365">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e254">
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@@ -381,7 +381,7 @@ paragraph (a) of this section shall be evidenced by a modification
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to this contract, signed by the Contractor and the Contracting Officer.
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This price shall not be subject to revision, notwithstanding any
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changes in the cost of performing the contract, except to the extent
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that
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that—</p>
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<ol class="- topic/ol " id="d3210e450">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e300">
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@@ -422,7 +422,7 @@ prices will be substantially greater than the estimated final prices,
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the parties shall negotiate a reduction in the billing prices. Similarly,
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the parties may negotiate an increase in billing prices by any or
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all of the difference between the target prices and the ceiling
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price, upon the Contractor
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price, upon the Contractor's submission of factual data showing
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that the final cost under this contract will be substantially greater
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than the target cost.</p>
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</li>
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@@ -450,13 +450,13 @@ paragraph (d)(3) or (f)(2).</p>
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e339">
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<ph class="- topic/ph " props="autonumber">(1)</ph> Within 45
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days after the end of each quarter of the Contractor
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days after the end of each quarter of the Contractor's fiscal year
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in which a delivery is first made (or services are first performed)
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and accepted by the Government under this contract, and for each
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quarter thereafter, the Contractor shall submit to the contract
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administration office (with a copy to the contracting office and
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the cognizant contract auditor) a statement, cumulative from the
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beginning of the contract, showing
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beginning of the contract, showing—</p>
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<ol class="- topic/ol " id="d3210e532">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3245e345">
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@@ -537,8 +537,8 @@ on a cost-plus-a-percentage-of-cost basis.</p>
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<ph class="- topic/ph " props="autonumber">(k)</ph>
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<i class="+ topic/ph hi-d/i ">Disagreements</i>.
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If the Contractor and the Contracting Officer fail to agree upon
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(1)a total firm target cost and a final profit adjustment formula
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or (2)a total final price, within 60 days (or within such other
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(1) a total firm target cost and a final profit adjustment formula
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or (2) a total final price, within 60 days (or within such other
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period as the Contracting Officer may specify) after the date on
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which the data required in paragraphs (c) and (e) of this section
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are to be submitted, the Contracting Officer shall promptly issue
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@@ -600,7 +600,7 @@ contract price be increased or decreased as a result of changes
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in the obligation of the Contractor to pay or bear the burden of
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certain taxes or duties, the increase or decrease shall be made
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in the total target price or, if it has been established, in the
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total final price, so that it will not affect the Contractor
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total final price, so that it will not affect the Contractor's profit
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or loss on this contract.</p>
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<p class="- topic/p " id="d3245e424">
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<term class="- topic/term ">Notes:</term>
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