---
kind: "section"
citation: "48 C.F.R. § 32.503-11"
title: "48"
number: "32.503-11"
heading: "Adjustments for price reduction."
url: "https://uscodex.org/cfr/48/32.503-11"
---

# §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—
  - (1) Determine the refund due and obtain repayment from the contractor for the excess of payments made for delivered items over amounts due as recomputed at the reduced prices; and
  - (2) Increase the unliquidated progress payments amount for overdeductions made from the contractor's billings for items delivered.
- (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.

## Notes

### Authority

Authority: 41 U.S.C. 1121(b); 40 U.S.C. 121(c); 10 U.S.C. chapter 4 and 10 U.S.C. chapter 137 legacy provisions (see 10 U.S.C. 3016); and 51 U.S.C. 20113.

### Source

Source: 48 FR 42328, Sept. 19, 1983, unless otherwise noted.