Change Order and Terminations Fact Sheet

Excerpt from the full copy of Change Order and Termination Claim Preparation

When a government contractor identifies a change to a contract that would result in or has resulted in increased costs, the contractor may decide to submit a Request for Equitable Adjustment (“REA”) in order to recover those costs. The preparation of the REA requires the contractor to conduct investigations and cost determinations with respect to changed work, associated delay and disruption impacts, and related profit/fee considerations. The REA pricing can be based on discrete pricing of specific, individual changes, as well as on delay and disruption pricing…