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ditaarch:DITAArchVersion="1.2"
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class="- topic/topic concept/concept ">
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<title class="- topic/title ">
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<ph class="- topic/ph " props="autonumber">52.216-4</ph> Economic Price Adjustment
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<ph class="- topic/ph " props="autonumber">52.216-4</ph> Economic Price Adjustment—Labor
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and Material.</title>
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<conbody outputclass="clause" class="- topic/body concept/conbody ">
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<p class="- topic/p " id="d3232e8">
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@@ -18,7 +18,7 @@ and Material.</title>
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class="- topic/xref ">16.203-4</xref>(c)</ph>, insert
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the following clause:
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</p>
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<p class="- topic/p " id="d3232e15" outputclass="Ctr_SmCaps">Economic Price Adjustment
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<p class="- topic/p " id="d3232e15" outputclass="Ctr_SmCaps">Economic Price Adjustment—Labor
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and Material <ph outputclass="SmCaps" class="- topic/ph ">(Jan 2017)</ph>
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</p>
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<ol id="d3197e37" class="- topic/ol ">
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@@ -32,11 +32,11 @@ either increase or decrease. The Contractor shall furnish this notice
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within 60 days after the increase or decrease, or within any additional
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period that the Contracting Officer may approve in writing, but
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not later than the date of final payment under this contract. The
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notice shall include the Contractor
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notice shall include the Contractor's proposal for an adjustment
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in the contract unit prices to be negotiated under paragraph (b)
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of this clause, and shall include, in the form required by the Contracting
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Officer, supporting data explaining the cause, effective date, and
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amount of the increase or decrease and the amount of the Contractor
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amount of the increase or decrease and the amount of the Contractor's
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adjustment proposal.</p>
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</li>
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<li class="- topic/li ">
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@@ -50,8 +50,8 @@ the negotiations until an accumulation of increases and decreases
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in the labor rates (including fringe benefits) and unit prices of
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material shown in the Schedule results in an adjustment allowable
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under paragraph (c)(3) of this clause. The Contracting Officer shall
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modify this contract (1)to include the price adjustment and its effective
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date and (2)to revise the labor rates (including fringe benefits)
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modify this contract (1) to include the price adjustment and its effective
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date and (2) to revise the labor rates (including fringe benefits)
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or unit prices of material as shown in the Schedule to reflect the
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increases or decreases resulting from the adjustment. The Contractor
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shall continue performance pending agreement on, or determination
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@@ -68,7 +68,7 @@ adjustment under this clause is subject to the following limitations:</p>
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adjustment shall be limited to the effect on unit prices of the
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increases or decreases in the rates of pay for labor (including
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fringe benefits) or unit prices for material shown in the Schedule.
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There shall be no adjustment for
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There shall be no adjustment for—</p>
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<ol id="d3197e75" class="- topic/ol ">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3232e43">
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@@ -94,8 +94,8 @@ the Schedule for each item.</p>
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<ph props="autonumber" class="- topic/ph ">(2)</ph> No upward
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adjustment shall apply to supplies or services that are required
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to be delivered or performed before the effective date of the adjustment,
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unless the Contractor
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to the delivery schedule results from causes beyond the Contractor
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unless the Contractor's failure to deliver or perform according
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to the delivery schedule results from causes beyond the Contractor's
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control and without its fault or negligence, within the meaning
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of the Default clause.</p>
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</li>
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@@ -122,14 +122,14 @@ made under this clause.</p>
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<li class="- topic/li ">
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<p class="- topic/p " id="d3232e73">
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<ph props="autonumber" class="- topic/ph ">(d)</ph> The Contracting
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Officer may examine the Contractor
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Officer may examine the Contractor's books, records, and other supporting
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data relevant to the cost of labor (including fringe benefits) and
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material during all reasonable times until the end of 3 years after
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the date of final payment under this contract or the time periods
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specified in <xref href="Subpart_4.7.dita#FAR_Subpart_4_7"
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base="i1122629"
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outputclass="fm:Subpart"
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class="- topic/xref ">subpart
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class="- topic/xref ">subpart 4.7</xref> of
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the Federal Acquisition Regulation (FAR), whichever is earlier.</p>
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</li>
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</ol>
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