CHAPTER
24
EQUITABLE ADJUSTMENTS
The government owes the contractor more money at many points in the contract administration process. Changes or modifications to the contract present the most common situation where an equitable adjustment has to be made. But there are other points in the process as well: differing site conditions, variations in estimated quantities, and delay.
When the government owes the contractor money, the government should make an equitable adjustment of the contract. Notice the word equitable. The idea is that any adjustment to the contract that the government makes must be fair, equitable, and reasonable.
But as the voluminous ...
Get Federal Contracting Answer Book, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.