As prescribed in 1816.406-70(c), insert the following clause:
Fixed Price Incentive (OCT 1996)
The target cost of this contract is $______. The Target profit of this contract is $______. The target price (target cost plus target profit) of this contract is $______. [The ceiling price is $______.]
The cost sharing for target cost underruns is: Government ____ percent; Contractor ____ percent.
The cost sharing for target cost overruns is: Government ____ percent; Contractor ____ percent.
(End of clause)
[62 FR 3486, Jan. 23, 1997, as amended at 62 FR 36733, July 9, 1997]
source: 54 FR 28340, July 5, 1989, unless otherwise noted.
cite as: 48 CFR 1852.216-83