Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.32.503-11 Adjustments for price reduction

(a) If a retroactive downward price reduction occurs under a redeterminable contract that provides for progress payments, the contracting officer shall—

(b) The contracting officer shall also increase the unliquidated progress payments amount if the contractor makes an interim or voluntary price reduction under a redeterminable or incentive contract.