Request for Equitable Adjustment Template Form
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People also ask
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What is considered an equitable adjustment?
Equitable Adjustment: If a change ordered by the government affects the cost or time required for contract performance, the FAR Changes Clause allows the contractor to seek an equitable adjustment. The contractor may request compensation for increased costs or time extensions resulting from the change.
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What is a request for equitable adjustment?
A Request for Equitable Adjustment (REA) is a written request to the US government for payment when unforeseen and unintended circumstances cause an increase in contract performance costs. An REA is not a claim or lawsuit and can occur during the life of a contract.
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What is the difference between a claim and a request for equitable adjustment?
An REA can be a better option if, for example, the contractor wants to strongly signal that there's room for negotiation, as compared to a claim, which is generally thought to be more adversarial. An REA also does not require a written final decision by the contracting officer, so it might generate a faster response.
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What is the difference between a request for equitable adjustment and a claim?
An REA can be a better option if, for example, the contractor wants to strongly signal that there's room for negotiation, as compared to a claim, which is generally thought to be more adversarial. An REA also does not require a written final decision by the contracting officer, so it might generate a faster response.
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What is a FAR 52.243 request for equitable adjustment?
When you develop a request for equitable adjustment (REA), you are preparing a proposal to the contracting officer (CO) asking for an increase to the overall contract price. The request normally develops from a change in contract requirements.
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Is an REA a claim?
Vern Edwards, a well-known commentator in Government contracts, asserts that there is no categorical distinction between REAs and claims. ing to Mr. Edwards, “REAs are documents with many kinds of content. An REA that possesses the necessary attributes of a claim is a claim.
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What is the difference between a claim and an adjustment?
Also known as a letter of complaint. Typically, a claim letter opens (and sometimes closes) with a request for adjustment, such as a refund, replacement, or payment for damages. A reply to a claim letter is called an adjustment letter.
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What will generally involve an equitable adjustment?
' It is a remedy payable only when unforeseen or unintended circumstances, such as government modification of the contract, differing site conditions, defective or late-delivered government property or issuance of a stop work order, cause an increase in contract performance costs” (Reflectone, Inc.
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