Code of Federal Regulations · Section
§ 1252.216-70 — 1252.216-70 Evaluation Of Offers Subject To An Economic Price Adjustment Clause
48 C.F.R. § 1252.216-70
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As prescribed in 1216.203-470, insert the following provision:
Offers shall be evaluated without an amount for an economic price adjustment being added. Offers will be rejected that—(1) increase the ceiling stipulated; (2) limit the downward adjustment; or (3) delete the economic price adjustment clause. If the offer stipulates a ceiling lower than that included in the solicitation, the lower ceiling will be incorporated into any resulting contract.
Authorizing Statute
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General authority41 U.S.C. § 1121
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Chief Acquisition Officers and senior procurement executives41 U.S.C. § 1702
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Departmental regulations5 U.S.C. § 301