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Defense Federal Acquisition Regulation Supplement Part 252Solicitation Provisions and Contract Clauses(Revised August 31, 2020) 252.2167000 Economical Price AdjustmentBasic Steel, Aluminum, Brass,
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How to fill out 252216-7000economic price adjustmentbasic steel

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How to fill out 252216-7000economic price adjustmentbasic steel

01
Gather all relevant information regarding the basic steel pricing and economic factors
02
Determine the base price for the basic steel
03
Calculate the economic price adjustment based on the given formula or method
04
Fill out the necessary fields in the 252216-7000 form with the calculated adjusted price
05
Double-check the information provided before submitting the form

Who needs 252216-7000economic price adjustmentbasic steel?

01
Government contractors who are required to comply with the regulations for economic price adjustments in basic steel
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252216-7000 economic price adjustment basic steel is a form used to request adjustments in the pricing of steel due to economic factors affecting costs.
Contractors and suppliers involved in government contracts that include provisions for economic price adjustments for basic steel are required to file the 252216-7000 form.
To fill out the 252216-7000 form, one must provide detailed information regarding the price changes, justify the need for the adjustment, and include relevant supporting documentation.
The purpose of the 252216-7000 economic price adjustment basic steel form is to ensure that suppliers can adjust prices reflective of significant changes in steel prices to maintain contractual fairness.
The information required includes the original contract price, the requested adjustment, economic data supporting the adjustment, and any relevant market analysis.
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