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

Procurement Notes

33] Also, like those FAR clauses, DFARS 252.216-7000 only allows an aggregate upward adjustment of no more than 10% (unless modified) of the original contract/order unit price, with no such limitation to a downward adjustment. [34] 57] Rather, determining whether a modification exceeds contract scope is highly fact dependent.

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Government Contracts Issues for a Recession

Procurement Notes

The Federal Government’s procurement spend in FY2023 was $765 billion ($470 billion for defense agencies), [106] and most of the procurement spend was discretionary spending. So, given that discretionary spending is more likely to be cut than mandatory spending, procurement spending cuts will be part of any significant budget cuts.