Forward Pricing Rate Agreement (Fpra) Sample Contracts
Forward Pricing Rate Agreement (FPRA) and Provisional Billing Rates:Forward Pricing Rate Agreement (Fpra) • November 21st, 2012
A Forward Pricing Rate Agreement (FPRA) is an agreement between a contractor and a government agency in which certain indirect rates are established for a specified period of time. These rates are estimates of costs and are used to price contracts and contract modifications. The use of a FPRA can speed up the contracting process by eliminating the need to audit or analyze the rates. The Aadministrative Contracting Officer (ACO) is responsible for monitoring the contractor’s rates. Any questions concerning the rates should be directed to the ACO. Once a FPRA has been reached, any subsequent proposal should include a copy of the agreement. The establishment of a FPRA is covered under the special cost and pricing areas of FAR 15.407-3 and Subpart 42.17.
Subpart 42.17 - Forward Pricing Rate AgreementsForward Pricing Rate Agreement (Fpra) • June 30th, 2022
ContractForward Pricing Rate Agreement (Fpra) • August 17th, 2022
Subpart 42.17—Forward Pricing Rate AgreementsForward Pricing Rate Agreement (Fpra) • November 25th, 2014
( a) Nego t i a t io n of fo r w ar d p r ici n g ra t e a g r ee m e n t s ( FP R A’s) m ay be r e- q u es t ed b y t h e co n t ra c t i n g office r o r t h e co n t ra c t o r o r i n i t i a t ed b y t h e a d- m i n is t ra t ive co n t ra c t i n g office r ( ACO).