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As a group of us were reminiscing about all the changes we’ve had in 2017, the conversation turned to how proud we are of all the product advancements we’ve made over the past year. In 2017, we added functions for tracking any kind of supplier certification that could include HIPPA, ISO, Fed RAMP, or any other.
FAR 52.216-4 (Economic Price Adjustment-Labor and Material (JAN 2017)) provides an adjustment based upon a contractor’s actual cost experience for labor/fringe and materials. The goal is for the modification to be more of an issue of the parties responding to a performance dilemma, then it is altering the premise of the contract award.
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