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class="- topic/topic concept/concept "
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xtrc="GFI">
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<title class="- topic/title ">
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<ph class="- topic/ph " props="autonumber">52.216-5</ph> Price Redetermination
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<ph class="- topic/ph " props="autonumber">52.216-5</ph> Price Redetermination—Prospective.</title>
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<conbody outputclass="clause" class="- topic/body concept/conbody ">
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<p class="- topic/p " id="d3233e8">As prescribed
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in <ph outputclass="ClauseProvisionXREF" class="- topic/ph ">
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@@ -18,7 +18,7 @@ in <ph outputclass="ClauseProvisionXREF" class="- topic/ph ">
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class="- topic/xref ">16.205-4</xref>
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</ph>, insert
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the following clause:</p>
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<p id="d3233e14" outputclass="Ctr_SmCaps" class="- topic/p ">Price Redetermination
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<p id="d3233e14" outputclass="Ctr_SmCaps" class="- topic/p ">Price Redetermination—Prospective (Jan
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2022)</p>
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<ol id="d3198e25" class="- topic/ol ">
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<li class="- topic/li ">
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@@ -27,7 +27,7 @@ the following clause:</p>
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<i class="+ topic/ph hi-d/i ">General</i>.
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The unit prices and the total price stated in this contract shall
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be periodically redetermined in accordance with this clause, except
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that
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that—</p>
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<ol id="d3198e38" class="- topic/ol ">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e26">
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@@ -52,7 +52,7 @@ price included in the contract.</p>
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with <xref href="Part_31.dita#FAR_Part_31"
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base="i1086363"
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outputclass="fm:Part"
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class="- topic/xref ">part
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class="- topic/xref ">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 ">
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@@ -92,13 +92,13 @@ less than <cite outputclass="SingleLine"
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class="- topic/cite "
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xtrf="GFI">______</cite> (see Note
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(2)) days before the end of each redetermination period, except
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the last, the Contractor shall submit
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the last, the Contractor shall submit—</p>
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<ol id="d3198e108" class="- topic/ol ">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e80">
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<ph props="autonumber" class="- topic/ph ">(i)</ph> Proposed prices
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for supplies that may be delivered or services that may be performed
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in the next succeeding period, and
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in the next succeeding period, and—</p>
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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e86">
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format of <xref href="15.408.dita#FAR_15_408/i1106753"
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base="i1106753"
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outputclass="fm:Table"
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class="- topic/xref ">Table
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class="- topic/xref ">Table 15-2</xref>,
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FAR <xref href="15.408.dita#FAR_15_408"
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base="i1106593"
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outputclass="fm:ParaNumOnly"
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@@ -139,12 +139,12 @@ of the <cite outputclass="SingleLine"
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of <xref href="15.408.dita#FAR_15_408/i1106753"
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base="i1106753"
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outputclass="fm:Table"
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class="- topic/xref ">Table
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class="- topic/xref ">Table 15-2</xref>, FAR <xref href="15.408.dita#FAR_15_408"
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base="i1106593"
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outputclass="fm:ParaNumOnly"
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class="- topic/xref ">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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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e122">
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@@ -165,13 +165,13 @@ to the extent necessary).</p>
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<p class="- topic/p " id="d3233e132">
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<ph props="autonumber" class="- topic/ph ">(2)</ph> The Contractor
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shall also submit, to the extent that it becomes available before
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negotiations on redetermined prices are concluded
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negotiations on redetermined prices are concluded—</p>
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<p class="- topic/p " id="d3233e138">
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<ph props="autonumber" class="- topic/ph ">(i)</ph> Supplemental
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statements of costs incurred after the date stated in subdivision
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(d)(1)(ii) of this section for
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(d)(1)(ii) of this section for—</p>
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<p class="- topic/p " id="d3233e144">
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@@ -213,7 +213,7 @@ clause.</p>
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<p class="- topic/p " id="d3233e164">
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<ph props="autonumber" class="- topic/ph ">(e)</ph>
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<i class="+ topic/ph hi-d/i ">Price
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redetermination</i>. Upon the Contracting Officer
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redetermination</i>. Upon the Contracting Officer's receipt of the
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data required by paragraph (d) of this section, the Contracting
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Officer and the Contractor shall promptly negotiate to redetermine
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fair and reasonable prices for supplies that may be delivered or
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@@ -259,13 +259,13 @@ only during periods for which firm prices have not been established.</p>
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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e193">
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<ph props="autonumber" class="- topic/ph ">(1)</ph> Within
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45 days after the end of the quarter of the Contractor
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45 days after the end of the quarter of the Contractor's fiscal
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year 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 id="d3198e313" class="- topic/ol ">
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<li class="- topic/li ">
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<p class="- topic/p " id="d3233e199">
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@@ -307,7 +307,7 @@ required by paragraph (h)(1) of this section need not be submitted
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for any quarter for which either no costs are to be reported under
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subdivision (h)(1)(ii) of this section, or revised billing prices
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have been established in accordance with paragraph (g) of this section,
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and do not exceed the existing contract price, the Contractor
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and do not exceed the existing contract price, the Contractor's
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price-redetermination proposal, or a price based on the most recent
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quarterly statement, whichever is least.</p>
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</li>
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@@ -382,13 +382,13 @@ clauses of this contract.</p>
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as a date; but in either case the period should end on the last
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day of a month.</p>
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<p class="- topic/p " id="d3233e259">(2) Insert the number of
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days chosen so that the Contractor
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to reflect recent cost experience (taking into account the Contractor
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days chosen so that the Contractor's submission will be late enough
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to reflect recent cost experience (taking into account the Contractor's
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accounting system), but early enough to permit review, audit (if
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necessary), and negotiation before the start of the prospective
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period.</p>
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<p class="- topic/p " id="d3233e261">(3) Insert "first," except that "second"
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may be inserted if necessary to achieve compatibility with the Contractor
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may be inserted if necessary to achieve compatibility with the Contractor's
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accounting system.</p>
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</li>
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</ol>
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