Section 2152.216-70 - Fixed price with limited cost redetermination-risk chargeAs prescribed in 2116.270-1(a), insert the following clause when a risk charge is negotiated:
Fixed Price With Limited Cost Redetermination Plus Fixed Fee Contract-Risk Charge (OCT 2005)
(a) This is a fixed price with limited cost redetermination plus fixed fee contract, with the fixed fee in the form of a risk charge. OPM will pay the Contractor the risk charge as specified in a letter from the Contracting Officer.(b) At the Contractor's request, OPM will furnish, during the third quarter of the current contract year, an accounting of the funds in the Employees' Life Insurance Fund as of the end of the second quarter of the contract year.(End of clause)
70 FR 41155 , July 18, 2005