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part52.dev Federal Acquisition Clause Monitor

PGI 215.404-970: Profit.

R-DFARS PGI › Part 215 › PGI 215.404-970 · issued under 2026-O0048

Deviated Text
This text comes from the Word attachment to class deviation 2026-O0048, not from acquisition.gov. The deviation memo directs contracting officers to use it in place of the codified PGI. The source attachment linked below is authoritative.

Text

(a) The DD Form 1547—

(1) Provides a vehicle for performing the analysis necessary to develop a profit objective, and

(2) Provides a format for summarizing profit amounts subsequently negotiated as part of the contract price.

(b)(1) Use and prepare a DD Form 1547 whenever a structured approach to profit analysis is required by DFARS 215.404-970 (see PGI 215.404-971, 215.404-972, and 215.404-973 for guidance on using the structured approaches). Administrative instructions for completing the form are in PGI 253.215-70.

(2) Ensure that the DD Form 1547 is accurately completed. The contracting officer is responsible for the correction of any errors detected by the management system auditing process.

Sources: Deviation attachment (.docx) · Codified PGI 215.404-970