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Skyrocketing inflation continues to be among the top concerns facing government contractors. To address the problem, Congress authorized the Department of Defense to provide relief for cost increases caused by inflation and mandated that DOD release guidance by March 23, 2023.
- understanding the DOD’s new guideline for filing a request for inflation relief under FAR Part 50 and Public Law 85-804;
- using the updated guidance to leverage changes to your existing contracts; and
- how to use economic price adjustment clauses, including adding them to solicitations, crafting appropriate language, and amending contracts to include them.