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<dita>
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<concept id="FAR_52_216_3" xtrc="VFI">
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<title class="- topic/title ">
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<ph class="- topic/ph " props="autonumber">52.216-3</ph> Economic Price Adjustment
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<ph class="- topic/ph " props="autonumber">52.216-3</ph> Economic Price Adjustment—Semistandard
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Supplies.</title>
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<conbody outputclass="clause">
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<p class="- topic/p " id="d3231e8">As prescribed
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@@ -13,12 +13,12 @@ in <ph outputclass="ClauseProvisionXREF">
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base="i1104904"
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outputclass="fm:ParaNumOnly">16.203-4</xref>(b)</ph>, insert
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the following clause:</p>
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<p id="d3231e15" outputclass="Ctr_SmCaps">Economic Price Adjustment
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<p id="d3231e15" outputclass="Ctr_SmCaps">Economic Price Adjustment—Semistandard
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Supplies (Nov 2021)</p>
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<ol id="d3196e25">
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<li>
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<p class="- topic/p " id="d3231e19">
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<ph props="autonumber" class="- topic/ph ">(a)</ph> The Contractor warrants that the supplies identified as line items <cite outputclass="SingleLine" xtrc="52.216-3_d1e34" xtrf="VFI">____________</cite> [<i>offeror insert Schedule line item number</i>] in the Schedule are, except for modifications required by the contract specifications, supplies for which it has an established price. The term "established price" means a price that (1)is an established catalog or market price for a commercial product sold in substantial quantities to the general public, and (2)is the net price after applying any standard trade discounts offered by the Contractor. The Contractor further warrants that, as of the date of this contract, any difference between the unit prices stated in the contract for these line items and the Contractor
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<ph props="autonumber" class="- topic/ph ">(a)</ph> The Contractor warrants that the supplies identified as line items <cite outputclass="SingleLine" xtrc="52.216-3_d1e34" xtrf="VFI">____________</cite> [<i>offeror insert Schedule line item number</i>] in the Schedule are, except for modifications required by the contract specifications, supplies for which it has an established price. The term "established price" means a price that (1) is an established catalog or market price for a commercial product sold in substantial quantities to the general public, and (2) is the net price after applying any standard trade discounts offered by the Contractor. The Contractor further warrants that, as of the date of this contract, any difference between the unit prices stated in the contract for these line items and the Contractor's established prices for like quantities of the nearest commercial equivalents are due to compliance with contract specifications and with any contract requirements for preservation, packaging, and packing beyond standard commercial practice.</p>
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</li>
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<li>
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<p class="- topic/p " id="d3231e27">
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@@ -32,18 +32,18 @@ with specifications or with requirements for preservation, packaging,
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and packing beyond standard commercial practice) shall be decreased
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by the same percentage that the established price is decreased. The
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decrease shall apply to those items delivered on and after the effective
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date of the decrease in the Contractor
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date of the decrease in the Contractor's established price, and
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this contract shall be modified accordingly.</p>
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</li>
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<li>
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<p class="- topic/p " id="d3231e32">
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<ph props="autonumber" class="- topic/ph ">(c)</ph>
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If the
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Contractor
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Contractor's applicable established price is increased after the
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contract date, the corresponding contract unit price (exclusive
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of any part of the unit price resulting from compliance with specifications
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or with requirements for preservation, packaging, and packing beyond
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standard commercial practice) shall be increased, upon the Contractor
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standard commercial practice) shall be increased, upon the Contractor's
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written request to the Contracting Officer, by the same percentage
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that the established price is increased, and the contract shall be
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modified accordingly, subject to the following limitations:</p>
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@@ -60,14 +60,14 @@ price.</p>
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<p class="- topic/p " id="d3231e43">
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<ph props="autonumber" class="- topic/ph ">(2)</ph>
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The increased
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contract unit price shall be effective
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contract unit price shall be effective—</p>
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<ol id="d3196e75">
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<li>
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<p class="- topic/p " id="d3231e49">
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<ph props="autonumber" class="- topic/ph ">(i)</ph>
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On the effective
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date of the increase in the applicable established price if the
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Contracting Officer receives the Contractor
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Contracting Officer receives the Contractor's written request within
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10 days thereafter; or</p>
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</li>
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<li>
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@@ -102,7 +102,7 @@ established price.</p>
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<p class="- topic/p " id="d3231e69">
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<ph props="autonumber" class="- topic/ph ">(5)</ph>
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Within
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30 days after receipt of the Contractor
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30 days after receipt of the Contractor's written request, the Contracting
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Officer may cancel, without liability to either party, any undelivered
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portion of the contract items affected by the requested increase.</p>
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</li>
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