Equitable Adjustment

Equitable Adjustment

Definition

In the context of government contracts, an equitable adjustment modifies the amount paid to a contractor for performance of the contract to account for work added, work deleted, and any associated changes in overhead costs or profit. Equitable adjustments are case-specific, but in general, an equitable adjustment accounts for the difference between the cost to perform the work as originally contracted and the cost to perform the work as modified.

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