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Section 1852.216-83: Fixed Price Incentive.
As prescribed in 1816.406-70(c), insert the following clause:
FIXED PRICE INCENTIVE
(October 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)
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