Can you modify a firm fixed price contract?

Can you modify a firm fixed price contract?

A firm fixed-price contract lists a specific price that isn’t subject to adjustment of any kind. With a firm fixed price contract, the party buying or purchasing must pay the selling party a specific, fixed amount. This fixed amount doesn’t change under any circumstances.

How do I submit an equitable adjustment request?

Tips For A Successful Request For Equitable Adjustment

1. Detail What Happened.
2. Include Supporting Documents.
3. Review The Releases.
4. Get The Timing Right.
5. Track The Time You Spend.
6. Track Legal Fees.
7. Get It Certified If Required.

What is the Eichleay formula?

The Eichleay formula remains the only accepted method to calculate unabsorbed home office overhead. As stated by the Federal Circuit, the Eichleay formula is as follows: 1. Contract billings / Total billings for contract period x Total overhead for contract period = overhead allocable to the contract.

How does a contractor request an equitable adjustment?

The Contractor shall propose a daily rate for each firm’s time-related costs during the affected period, and, for each firm, the increase or decrease in the number of work days of performance attributable to the change or other condition giving rise to entitlement to an equitable adjustment, with supporting analysis.

Is an equitable adjustment a claim?

The contractor submits a Request for Equitable Adjustment (“REA”) or a claim. The Contracting Officer issues a final decision on the claim and, if the contractor is not satisfied with that final decision, it can appeal to the appropriate board of contract appeals or the Court of Federal Claims.

How is FAR updated?

The FAR is amended when the three government agencies—the U.S. Department of Defense (DoD), NASA, and the General Services Administration (GSA)—that are governed by the FAR, along with the FAR Council, issue proposed and final rules under the “notice and comment” procedures established by the Administrative Procedure …

What are the changes to 52.243-4?

52.243-4 Changes. As prescribed in 43.205 (d), insert the following clause: The 30- day period may be varied according to agency procedures.

Who is the specifically authorized representative ( SAR ) in 52.243?

“Specifically Authorized Representative (SAR),” as used in this clause, means any person the Contracting Officer has so designated by written notice (a copy of which shall be provided to the Contractor) which shall refer to this paragraph and shall be issued to the designated representative before the SAR exercises such authority. (b) Notice.

How to cite a change clause in a contract?

For changes within the general scope of the contract , the particular clause or provision of the contract must be cited. Review the contract to determine what clause authorizes the CO to make the in-scope change. Typical citations , along with examples of actions, include: Changes clause

Can a unilateral change order cite the changes clause?

THIS IS NOT FAVORED BY legal nor policy. Unilateral Change orders will cite the appropriate Changes clause in block 13A of the SF30. Bilateral modifications , including those issued under the Changes clause or any other appropriate clause will cite the appropriate clause in Block 13C of the SF30. Other unilateral modifications