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 fixedprice 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?
