Official text of 1852.216-83
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)
Where it's prescribed
As prescribed in 1816.406-70(c), insert the following clause:
Verifying this text
The text above is reproduced verbatim from GSA's published source files for the NASA supplement. The controlling version is the one in the Code of Federal Regulations: 1852.216-83 on eCFR.