Remove 2017 Remove Freight Remove Inventory
article thumbnail

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

Procurement Notes

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. 115, 120 (1999) (the proper valuation of inventory was fair value, which meant fair market value). See ANHAM FZCO, LLC , ASBCA No. 195] See Indus.

article thumbnail

Government Contracts Inflation Update

Procurement Notes

.” [23] Data is also provided by occupational group (currently relying on the 2018 Standard Occupational Classification (“SOC”)), industry group (currently relying on the 2017 North American Industry Classification System (“NAICS”)), geographical census division (there are nine (e.g., 10, 2017), available at [link]. [74]