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Government Contracts Issues for a Recession

Procurement Notes

43] Moreover, it is higher than the peak of the housing bubble in April 2006, when the average house cost was 6.81 Additionally, generally, the reasonable costs of preparing, submitting, and negotiating an REA are contract administration costs, and consequently are also recoverable. times the median household annual income. [42]

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An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

So, if the solicitation had language or terms that contemplated the possibility of cost volatility (notwithstanding seeking a fixed price), arguably, offerors should have anticipated the issue as a significant possibility for contract administration. and extending the delivery schedule was a major change to the contract.