Clause
52.216-4 Economic Price Adjustment-Labor and Material.
(a) The Contractor shall notify the Contracting Officer if, at any time during contract performance, the rates of pay for labor (including fringe benefits) or the unit prices for material shown in the Schedule either increase or decrease. The Contractor shall furnish this notice within 60 days after the increase or decrease, or within any additional period that the Contracting Officer may approve in writing, but not later than the date of final payment under this contract. The notice shall include the Contractor's proposal for an adjustment in the contract unit prices to be negotiated under pa
- Type: Clause (C)
- Prescribed in: 16.203-4(c)
- Effective: Jan 2017
- Primary source: eCFR 48 CFR 52.216-4 · acquisition.gov
Text excerpt from the eCFR API; read the full clause at the eCFR link above.