Oct 1, 2025 · For services, the contracting officer can consider identifying the value of the individual work requirements or tasks (subdivisions) that may be subject to price or fee …

To this effect, the Tender Price shall be adjusted, for comparison purposes only, to reflect the price of a missing or non-conforming item or component. The adjustment shall be made using …

Sep 27, 2022 · This article offers clarity on the challenge of how to price variations when adjustments have been made to the tender price.

Procedures for adjusting, upward and/or downward, the stated contract price based upon specified contingencies, such as adjustments in established prices, adjustments on the cost of …

Aug 23, 2022 · An ICCP member recently asked my opinion on how an adjustment to the Tender Price agreed upon during tender negotiations should be applied when pricing variations.

Oct 4, 2024 · When a contract needs to be modified, a contractor may have to ask for a price adjustment. This usually happens through a request for equitable adjustment (REA) or a claim.

For services, the contracting officer can consider identifying the value of the individual work requirements or tasks (subdivisions) that may be subject to price or fee reduction. This value …

Apr 15, 2024 · In the light of his findings and taking into account other factors, such as risk, need for more work or the likely competition from other tenderers, etc., the contractor may decide to …

The non-adjustable price components are predominant. Price index to measure the adjustment.

These clauses allow for adjustments in the contract price to account for increases in the costs of materials, labor, or other inputs. This article discusses the importance of escalation clauses, …