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An equitable adjustment, in government contracting, is a contract adjustment pursuant to a changes clause, to compensate the contractor expense incurred due to actions of the Government or to compensate the Government for contract reductions. An equitable adjustment includes an allowance for profit; clauses that provide for adjustments ...
If the parties are unable to agree on compensation to be received by the contractor for the modified work, the contractor shall be entitled to an equitable adjustment. 'The goal of an equitable adjustment is to place the contractor in the position they would have been in had the change not been encountered'. The adjustment should not alter the ...
The United States Court of Appeals for the Federal Circuit has found that "to receive an equitable adjustment from the Government, a contractor must show three necessary elements -- liability, causation, and resultant injury." CEMS, Inc. v. United States, 59 Fed. Cl. 168, 226 (Fed. Cl. 2003) (emphasis added) (citations omitted).
requests for equitable adjustments, which can be processed under FAR 49.002(c)) (these are essentially modifications under the applicable contract changes clause e.g., FAR 52.212-4 clause) terminations for cause or convenience ; for commercial items, there are terminations clause in the FAR 52.212-4 clause.
The NASA Contract Adjustment Board considers requests by NASA contractors for equitable contractual relief. In the U.S. Department of Transportation , a "Board of Contract Appeals" [ 15 ] is responsible for hearings and decisions on appeals from decisions of departmental contracting officers ; when sitting as the Contract Adjustment Board it ...
The signatories—who make up more than half of the prestigious prize’s living recipients in the U.S.—said they support Harris’s candidacy because she “would be a far better steward of our ...
The Federal Acquisition Regulation (FAR) is the principal set of rules regarding Government procurement in the United States, [1] and is codified at Chapter 1 of Title 48 of the Code of Federal Regulations, 48 CFR 1. It covers many of the contracts issued by the US military and NASA, as well as US civilian federal agencies.
Federal Acquisition Regulation (FAR) General Services Administration, Department of Defense, National Aeronautics and Space Administration, Office of Federal Procurement Policy: 2: 52-99 3: 2: 200-299: Defense Acquisition Regulations System (DARS), Defense Federal Acquisition Regulation Supplement (DFARS) Department of Defense: 4: 3: 300-399