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52.2165 Price RedeterminationProspective.
As prescribed in 16.2054, insert the following clause:
Price RedeterminationProspective (Oct 1997)
(a) General. The unit prices and the total price stated
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How to fill out 216-5 price redetermination-prospective
How to fill out 216-5 price redetermination-prospective
01
To fill out 216-5 price redetermination-prospective form, follow these steps:
02
Download the form from the official website or obtain a physical copy from the relevant agency.
03
Begin by entering the required details in the header section, such as your name, contact information, and the name of the contracting agency.
04
In the main section of the form, provide a brief description of the project or contract for which the price redetermination is being requested.
05
Specify the original contract amount and the effective date of the underlying contract.
06
Indicate the reasons for the requested price redetermination. This may include changes in market prices, inflation, or unforeseen events that have impacted project costs.
07
Provide supporting documentation, such as market research reports, invoices, or cost analysis, to support your request.
08
Include any additional information or details that may be relevant to support your case.
09
Review the completed form for accuracy and completeness.
10
Sign and date the form, and make a copy for your records.
11
Submit the filled-out form to the appropriate agency or contracting officer as instructed.
12
Follow up with the agency to ensure that your request is being processed and to address any additional requirements or inquiries.
Who needs 216-5 price redetermination-prospective?
01
5 price redetermination-prospective is needed by contractors or individuals who are party to a contract with a contracting agency.
02
This form is typically used when there is a need to request a prospective price redetermination due to changing circumstances or unforeseen events that have impacted project costs.
03
Contractors who believe that there has been a significant change in market prices or costs affecting their contract may need to submit this form to request an adjustment to the contract price.
04
It is important to consult the specific agency or contracting officer to determine if the 216-5 price redetermination-prospective form is required for a particular situation.
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What is 216-5 price redetermination-prospective?
216-5 price redetermination-prospective is a process through which the price of a contract is reviewed and adjusted prospectively based on certain criteria.
Who is required to file 216-5 price redetermination-prospective?
Contractors who have contracts subject to 216-5 price redetermination-prospective clauses are required to file.
How to fill out 216-5 price redetermination-prospective?
To fill out 216-5 price redetermination-prospective, contractors need to gather relevant cost data, calculate adjustments based on the contract terms, and submit the necessary documentation to the contracting officer.
What is the purpose of 216-5 price redetermination-prospective?
The purpose of 216-5 price redetermination-prospective is to ensure that contract prices remain fair and reasonable over the course of the contract.
What information must be reported on 216-5 price redetermination-prospective?
Contractors must report cost data, adjustments made to contract prices, and any other relevant information required by the contract terms.
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