Code of Federal Regulations · Section
§ 3052.216-70 — 3052.216-70 Evaluation Of Offers Subject To An Economic Price Adjustment Clause
48 C.F.R. § 3052.216-70
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As prescribed in (HSAR) 48 CFR 3016.203-470, insert a provision substantially the same as the following:
Offers shall be evaluated without adding an amount for an economic price adjustment. Offers may be rejected which: (1) Increase the stipulated ceiling; (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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Functions and authority41 U.S.C. § 1303
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Publication of proposed regulations41 U.S.C. § 1707
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Chief Acquisition Officers and senior procurement executives41 U.S.C. § 1702