You may be contemplating what a REA is and why you should know what it is? There is no form to fill in when it comes to REAs. You won't run across an importance of equitable adjustment in FAR Part 2 despite the fact that you will find case defined there - the REA transforms into a situation when ensured as required by statute and regulation.
The forerunner to the present day Court of Appeals for the Federal Circuit (CAFC) said the essential motivation behind the equitable adjustment is "to keep a contractor in tact when the Government alters a contract." But simply what does the REA look like and in what manner ought to one go about thinking of it? Furthermore, what should a contracting officer hope to see?
The REA process is very much time-based for optimization. To start with, there is a change story holding the accompanying information. Then, there is an ordered and tabbed index holding contract passages, relevant contract particulars, correspondence, outlines, tables, photos, technical write-ups and expert notions, if pertinent.
There is no necessity to take after this layout. But, we have seen an excess of alleged REA's waver or fall flat in light of the fact that they are insufficient in one or more classes of this outline. The most well-known shortcomings are 1) incredible stories looking for a theory of recuperation or 2) extraordinary recitations of the law looking for actualities supporting the appeal. Regardless of how you build your presentation should incorporate the components in this outline.
The claims process is usually started with the REA procedures. REA becomes a claim only when the government disagrees with basis/entitlement or amount owed.
Malyszek & Malyszek helps contractors identify costs associated with REA claims.
Call us today for your REA and claims questions.