Jennifer Harris and Abby Salinas | ConsensusDocs The Department of Defense (“DoD”) recently issued a memorandum to contracting officers (“COs”) guiding the use of economic price adjustment (“EPA”) clauses to address inflation-related cost increases. The memorandum, entitled Guidance on Inflation and Economic Price Adjustments, comes as the year-over-year inflation rate rose to 8.6% in May, and contractors… Continue reading DoD Issues Guidance on Inflation Adjustments for Contractors
Tag: Economic Price Adjustments
New DoD Guidance on Inflation and Economic Price Adjustments
Aron C. Beezley and Sarah Sutton Osborne | Buildsmart In response to industry questions about economic price adjustments for inflation, the Department of Defense (DoD) recently issued Guidance on Inflation and Economic Price Adjustments. Key takeaways from DoD’s guidance — which aims to help contracting officers (COs) “understand whether it is appropriate to recognize cost increases… Continue reading New DoD Guidance on Inflation and Economic Price Adjustments