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Section 5652.232-9002: Time and Materials/Ceiling Price Indefinite Delivery Contracts (1998) Section I
As prescribed in 5632.111(a), insert the following clause, Editable
Ceiling Price: The term "ceiling price" as used in the clauses FAR 52.232-7 "Payments Under Time and Materials and Labor-Hour Contracts", and the term "estimated cost" in FAR 52.232-20 "Limitation of Cost" and 52.232-22 "Limitation of Funds" shall be applicable to each CLIN or SLIN specified in Schedule B. The Government shall not be obligated to pay the contractor any amount in excess of the ceiling price for each CLIN/SLIN set forth in Schedule B unless and until the Contracting Officer has notified the contractor in writing that the ceiling price has been increased and has specified in the notice a revised ceiling price for performance under the contract for that CLIN/SLIN.
Alternate I: For use with Indefinite Delivery Type Contracts
If this is an indefinite delivery type contract the terms "ceiling price" and "estimated cost" shall apply to each CLIN/SLIN on each delivery order.
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