Fixed price with limited cost redetermination—risk charge.
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Title 48 CFR: Federal Acquisition Regulations System › Chapter 21: OFFICE OF PERSONNEL MANAGEMENT, FEDERAL EMPLOYEES GROUP LIFE INSURANCE FEDERAL ACQUISITION REGULATION › Part 2152: PRECONTRACT PROVISIONS AND CONTRACT CLAUSES › Subpart 2152.2: Subpart 2152.2—Text of Provisions and Clauses › § 2152.216-70: Fixed price with limited cost redetermination—risk charge.
Text
As prescribed in 2116.270-1(a), insert the following clause when a risk charge is negotiated:
Fixed Price With Limited Cost Redetermination Plus Fixed Fee Contract—Risk Charge (OCT 2005)
(a) This is a fixed price with limited cost redetermination plus fixed fee contract, with the fixed fee in the form of a risk charge. OPM will pay the Contractor the risk charge as specified in a letter from the Contracting Officer.
(b) At the Contractor's request, OPM will furnish, during the third quarter of the current contract year, an accounting of the funds in the Employees' Life Insurance Fund as of the end of the second quarter of the contract year.
(End of clause)
[70 FR 41155, July 18, 2005]
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