When is a claim certification required? What two requirements establish the maximum period for letter contract definitization? From what point in time is the government responsible for paying interest on a contract claim?

EXERCISE #4: QUESTIONS

Identify four approaches to establishing an equitable adjustment.

• a.
• b.
• c.
• d.

Which of the approaches to pricing an equitable adjustment is normally considered best?

Identify the types of cost that you should consider in making an equitable adjustment.

In pricing work deleted from a contract, should you use the proposed price or current estimated price to perform the work?

When is a claim certification required?

What two requirements establish the maximum period for letter contract definitization?

From what point in time is the government responsible for paying interest on a contract claim?

Why do you consider the loss ratio in pricing a non-commercial item fixed price contract termination for convenience?

What basis is preferred for settlement of a non-commercial item fixed-price service contract termination for convenience?

Unit costs under a fixed-priced, non-commercial item contract will increase because 100 units were terminated from the original 500-unit requirement. Is the contractor entitled to an equitable adjustment?