Common use of Equitable Adjustments Clause in Contracts

Equitable Adjustments. (a) Any requests for equitable adjustments under any provision shall be governed by the following provisions: (1) Upon written request, the Contractor shall submit a proposal, in accordance with the requirements and limitations set forth in this paragraph, for Services involving contemplated changes covered by the request. The proposal shall be submitted within the time limit indicated in the request for any extension of such time limit as may be subsequently granted. The Contractor's written statement of the monetary extent of a claim for equitable adjust- ment shall be submitted in the following form: (i) Proposals totaling $5,000 or less shall be submitted in the form of a lump sum proposal with sup- porting information to clearly relate elements of cost with specific items of Services involved to the satisfaction of the Contracting Officer, or his/her authorized representative. (ii) For proposals in excess of $5,000, the claim for equitable adjustment shall be submitted in the form of a lump sum proposal supported with an itemized breakdown of all increases and decreases in the Contract. (b) No proposal by the Contractor for an equitable adjustment shall be allowed if asserted after final payment under this Contract.

Appears in 32 contracts

Samples: Contract Modification, Automated Logic Elite Service Agreement, General Architectural Engineering Services

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Equitable Adjustments. (a) Any requests for equitable adjustments under any provision shall be governed by the following provisions: (1a) Upon written request, the Contractor shall submit a proposal, in accordance with the requirements and limitations limita- tions set forth in this paragraph, for Services work involving contemplated changes covered by the request. The proposal shall be submitted within the time limit indicated in the request for any extension of such time limit as may be subsequently granted. The Contractor's written statement of the monetary extent of a claim for equitable adjust- ment adjustment shall be submitted in the following form: (i1) Proposals totaling $5,000 or less shall be submitted in the form of a lump sum proposal with sup- porting supporting information to clearly relate elements of cost with specific items of Services work involved to the satisfaction of the Contracting Officer, or his/her authorized representative. (ii2) For proposals in excess of $5,000, the claim for equitable adjustment shall be submitted in the form of a lump sum proposal supported with an itemized breakdown of all increases and decreases in the Contract. (b) No proposal by the Contractor for an equitable adjustment shall be allowed if asserted after final payment under this Contract.

Appears in 5 contracts

Samples: Supply Contract, Supply Contract, Contract Modification

Equitable Adjustments. (a) Any requests for equitable adjustments under any provision shall be governed by the following provisions: (1) Upon written request, the Contractor shall submit a proposal, in accordance with the requirements and limitations set forth in this paragraphParagraph, for Services involving contemplated changes covered by the request. The proposal shall be submitted within the time limit indicated in the request for any extension of such time limit as may be subsequently granted. The Contractor's written statement of the monetary extent of a claim for equitable adjust- ment shall be submitted in the following form: (i) Proposals totaling $5,000 or less shall be submitted in the form of a lump sum proposal with sup- porting information to clearly relate elements of cost with specific items of Services involved to the satisfaction of the Contracting Officer, or his/her authorized representative. (ii) For proposals in excess of $5,000, the claim for equitable adjustment shall be submitted in the form of a lump sum proposal supported with an itemized breakdown of all increases and decreases in the Contract. The itemized breakdown shall, at the least, include the items specified in subparagraph (a)(2), below. (b) No proposal by the Contractor for an equitable adjustment shall be allowed if asserted after final payment under this Contract.

Appears in 1 contract

Samples: Contract Modification

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Equitable Adjustments. (a) Any requests for equitable adjustments under any provision shall be governed by the following provisions: (1) Upon written request, the Contractor shall submit a proposal, in accordance with the requirements and limitations set forth in this paragraph, for Services involving contemplated changes covered by the request. The proposal shall be submitted within the time limit indicated in the request for any extension of such time limit as may be subsequently granted. The Contractor's written statement of the monetary extent of a claim for equitable adjust- ment shall be submitted in the following form: (i) Proposals totaling $5,000 or less shall be submitted in the form of a lump sum proposal with sup- porting information to clearly relate elements of cost with specific items of Services involved to the satisfaction of the Contracting Officer, or his/her authorized representative. (ii) For proposals in excess of $5,000, the claim for equitable adjustment shall be submitted in the form of a lump sum proposal supported with an itemized breakdown of all increases and decreases in the Contract. The itemized breakdown shall, at the least, include the items specified in subparagraph (a)(2), below. (b) No proposal by the Contractor for an equitable adjustment shall be allowed if asserted after final payment under this Contract.

Appears in 1 contract

Samples: Program Manager Owner Representative Contract

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