This clause has not been authorized for official release. We recommend deferring to the text of the clause in your RFP or contract.
5252.216-9200 PAYMENT OF FIXED FEE (COMPLETION TYPE) (JAN 1989)
FIXED FEE: $*. The Government shall make payment to the Contractor when requested as work progresses, but no more frequently than biweekly, on account of the fixed fee, equal to ** percent of the amounts invoiced by the Contractor under the “Allowable Cost and Payment” clause hereof for the related period, subject to the withholding provisions of paragraph (b) of the “Fixed Fee” clause. In the event of discontinuance of the work in accordance with clause of this contract entitled “Limitation of ***,” the fixed fee shall be redetermined by mutual agreement equitably to reflect the diminution of the work performed; the amount by which such fixed fee is less than, or exceeds payments previously made on account of fee, shall be paid, or repaid by, the Contractor, as the case may be.
*To be determined at the task order level.
**Percentage rate of fee established in the task order.
***”Cost” or “Funds” as appropriate; will be determined at the task order level.
(End of clause)