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SOFARS

SOFARS

Change Number: 2023-0717
Effective Date: 07/17/2023

5652.216-9002 Withholding of Fixed Fee or Incentive Fee (2005) Section I

5652.216-9002 Withholding of Fixed Fee or Incentive Fee (2005) Section I

In accordance with 5616.406 , and as prescribed in 5616.307(k) , insert the following clause, Editable and Fill-ins

Pursuant to FAR 52.216-8 "Fixed Fee" or FAR 52.216-10 "Incentive Fee", the withheld amount of the fixed or incentive fee shall not exceed (Insert percentage not greater than 15%) percent of the total fee or (insert dollar amount not greater than $100,000), whichever is less.