Official text of 1252.216-70
As prescribed in 1216.203–470, insert the following provision:
Evaluation of Offers Subject to an Economic Price Adjustment Clause (NOV 2022)
Offers shall be evaluated without an amount for an economic price adjustment being added. Offers will be rejected that—(1) increase the ceiling stipulated; (2) limit the downward adjustment; or (3) delete the economic price adjustment clause. If the offer stipulates a ceiling lower than that included in the solicitation, the lower ceiling will be incorporated into any resulting contract.
(End of provision)
Where it's prescribed
As prescribed in 1216.203–470, insert the following provision:
Verifying this text
The text above is reproduced verbatim from GSA's published source files for the Transportation supplement. The controlling version is the one in the Code of Federal Regulations: 1252.216-70 on eCFR.