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While the PAP’s Background section cites this definition of what is “fair and reasonable,” the PAP’s “guidance” sets standards and directives that raises questions whether, when read as a whole, it provides guidance that will result in a price and terms that are fair to both parties in a transaction. Emphasis added.) See Section 2.
David Berteau One of the real problems that we have in in government contracting today, in fact, it’s problem across America, is something that we have more vacant jobs in this country than we have people looking for work. It’s important work. How do you manage that in contractadministration?
While the PAP’s Background section cites this definition of what is “fair and reasonable,” the PAP’s “guidance” sets standards and directives that raises questions whether, when read as a whole, it provides guidance that will result in a price and terms that are fair to both parties in a transaction. Emphasis added.) See Section 2.
Department of Labor (“DoL”) regulations state that “[a]n important indicator of a business circumstance that is not reasonably foreseeable is that the circumstance is caused by some sudden, dramatic, and unexpected action or condition outside the employer’s control.” [70] 30] , [31] That is significantly less than the high water mark of 5.3%
Labor costs for which a definitive union agreement exists’);]” (9) “Allocate that part of the contract price subject to adjustment to specific periods of time (e.g., 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.
Background, of PAP 2021-05. While the PAP’s Background section cites this definition of what is “fair and reasonable,” the PAP’s “guidance” sets standards and directives that raises questions whether, when read as a whole, it provides guidance that will result in a price and terms that are fair to both parties in a transaction.
Communication with Contracting Officers and Subcontractors : Maintain open lines of communication with your contracting officers. Cost mitigation is particularly important because it is a key consideration in determining whether an equitable adjustment for increased costs resulting from a shutdown should be granted.
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