Basis of payment: Fixed time rate – Ceiling price

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Item Information

Revision History

Date Status ID Title
2017-08-17 Active C1206C Basis of payment: Fixed time rate – Ceiling price (2017-08-17) C1206C

Remarks – Recommended Use of SACC Item

Use this clause in all fixed time rate contracts when the price of the work is subject to a ceiling price.

Use option 1 when all of the work in a fixed time rate contract is subject to a ceiling price.

Use option 2 when only a portion of the work in a fixed time rate contract is subject to a ceiling price.

Use this clause in conjunction with C6000C; for option 2, clause C6000C applies only to the ceiling price portion of the work.

Legal text for SACC item

Instruction to contracting officers: complete and insert one of the following options:

Option 1

The Contractor will be paid for the Work performed in accordance with the Basis of payment ________ (insert "at annex ____ " or "detailed below"), to a ceiling price of $ ________ (insert amount at contract award). Customs duties are ________ (insert "included", "excluded" or "subject to exemption") and Applicable Taxes are extra.

(Insert details of the basis of payment if not included in an annex.)

Option 2

For the Work described in _________ (insert the applicable section(s) of the statement of work or requirement to which this basis of payment applies) of the ________ (insert "Statement of Work" or "Requirement") at annex ____ :

The Contractor will be paid for the Work performed in accordance with the Basis of payment ________ (insert "at annex ____ " or "detailed below"), to a ceiling price of $ ________ (insert amount at contract award). Customs duties are ________ (insert "included", "excluded" or "subject to exemption") and Applicable Taxes are extra.

(Insert details of the basis of payment if not included in an annex.)