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32] Keep in mind that the current inflation run started on or about March 2021, and has its proximate roots in the money supply increasing by approximately 35% over 2020 and 2021—while, because of COVID-19, the supply of available goods and services was decreasing. [33] 12, 2021), available at [link]. [97] 95] See id. [96]
Jay Blindauer A contractor takes on a Government contract to make money, and inflation is getting in the way. Inflation is generally down from 2021, but is still high in too many places, and is expected to persist in 2023. With inflation eroding value for this long, a Government contractor may need to obtain contract relief.
FAR & Beyond: Thoughts on “What is Fair and Reasonable? Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Emphasis added.) See Section 2.
Jay Blindauer On June 16, 2021, Congress completed passage of Senate Bill No. Particularly, what does the contract say? If the contract follows the Uniform Contract Format , the first place to look is Section F (Deliveries or performance), Section G (Contractadministration data), or Section H (Special contract requirements). [13]
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