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<dita xmlns:ditaarch="http://dita.oasis-open.org/architecture/2005/"
      ditaarch:DITAArchVersion="1.2">
   <concept id="i1876498"
            audience="GSAR"
            ditaarch:DITAArchVersion="1.2"
            class="- topic/topic concept/concept ">
      <title xtrc="GSAR" class="- topic/title ">
         <ph props="autonumber" class="- topic/ph ">552.215-72</ph> Price
Adjustment—Failure to Provide Accurate Information.</title>
      <conbody class="- topic/body  concept/conbody ">
         <p audience="GSAR" class="- topic/p ">As prescribed in <xref href="GSAM-HDJVVCHL.dita#HDJVVCHL"
                  outputclass="fm:ParaNumOnly"
                  class="- topic/xref ">515.408</xref>(d),
insert the following clause:</p>
         <p audience="GSAR" outputclass="Ctr_SmCaps" class="- topic/p ">Price Adjustment—Failure
to Provide AccurateInformation (Aug 1997)</p>
         <ol id="d809e21" class="- topic/ol ">
            <li audience="GSAR" class="- topic/li ">
               <p id="d801e26" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(a)</ph>
                  
                    The
Government, at its election, may reduce the price of this contract
or contract modification if the Contracting Officer determines after
award of this contract or contract modification that the price negotiated
was increased by a significant amount because the Contractor failed
to:</p>
               <ol id="d809e31" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d801e36" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          Provide
information required by this solicitation/contract or otherwise
requested by the Government; or</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d801e45" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                          Submit information that
was current, accurate, and complete; or</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d801e54" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(3)</ph>
                        
                          Disclose changes in
the Contractor’s commercial pricelist(s), discounts or discounting
policies which occurred after the original submission and prior
to the completion of negotiations.</p>
                  </li>
               </ol>
            </li>
            <li audience="GSAR" class="- topic/li ">
               <p id="d801e65" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(b)</ph>
                  
                    The Government will
consider information submitted to be current, accurate and complete
if the data is current, accurate and complete as of 14 calendar
days prior to the date it is submitted.</p>
            </li>
            <li audience="GSAR" class="- topic/li ">
               <p id="d801e74" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(c)</ph>
                  
                    If any reduction in
the contract price under this clause reduces the price for items
for which payment was made prior to the date of the modification
reflecting the price reduction, the Contractor shall be liable to
and shall pay the United States—</p>
               <ol id="d809e79" class="- topic/ol ">
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d801e84" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(1)</ph>
                        
                          The amount of the overpayment;
and</p>
                  </li>
                  <li audience="GSAR" class="- topic/li ">
                     <p id="d801e93" audience="GSAR" class="- topic/p ">
                        <ph props="autonumber" class="- topic/ph ">(2)</ph>
                        
                           Simple interest on
the amount of such overpayment to be computed from the date(s) of
overpayment to the Contractor to the date the Government is repaid
by the Contractor at the applicable underpayment rate effective
each quarter prescribed by the Secretary of Treasury under 26 U.S.C.6621(a)(2).</p>
                  </li>
               </ol>
            </li>
            <li audience="GSAR" class="- topic/li ">
               <p id="d801e104" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(d)</ph>
                  
                    Failure to agree on
the amount of the decrease shall be resolved as a dispute.</p>
            </li>
            <li audience="GSAR" class="- topic/li ">
               <p id="d801e113" audience="GSAR" class="- topic/p ">
                  <ph props="autonumber" class="- topic/ph ">(e)</ph>
                  
                    In addition to the remedy
in paragraph (a) of this clause, the Government may terminate this
contract for default. The rights and remedies of the Government
specified herein are not exclusive, and are in addition to any other
rights and remedies provided by law or under this contract.</p>
            </li>
         </ol>
         <p audience="GSAR" outputclass="Endofclause" class="- topic/p ">(End of clause)</p>
      </conbody>
   </concept>
</dita>
