Contract Claims 101: Financial Fundamentals, Part 3
PilieroMazza – We’re back for the third installment of Piliero Mazza’s REAs, Claims, and Appeals Group’s “Contract Claims 101” series, introducing federal contractors to the basics of requests for equitable adjustment (REAs), claims, and appeals. This month, we’re defining the key terms that underpin the basic financial framework for government contract disputes. Financial rules can make or break a contractor’s recovery: Cost Accounting Standards (CAS) dictate how costs must be built, Contract Disputes Act (CDA) interest can influence the timing and value of settlements, and the list goes on. Contractors who understand these concepts—and who partner with counsel fluent in them—are better positioned to maximize recovery and avoid costly missteps.