Examples of Equitable Adjustment in a sentence

Use the clause at 252.243-7002, Requests for Equitable Adjustment, as prescribed in 243.205-71, to comply with 10 U.S.C. 2410.
Contracting Officer rejection or delay of a proposed change shall not be the basis for a Request for Equitable Adjustment (REA) or subject to the Section I Clause entitled, FAR 52.233-1, Disputes.
Should there be a Time Extension granted to the Contractor, the Engineer may provide an Equitable Adjustment for additional Contract Progress Schedule Updates at intervals directed by the Engineer.
Equitable Adjustment for suspensions: Contractor shall be entitled to an equitable adjustment in the Contract Time, or Contract Sum, or both, for increases in the time or cost of performance directly attributable to such suspension, provided Contractor complies with all requirements set forth in Part 7.
XX (xvi) Part 243—Contract Modifications.Use the clause at 252.243-7002, Requests for Equitable Adjustment, as prescribed in 243.205-71, to comply with 10 U.S.C. 2410.

More Definitions of Equitable Adjustment

Equitable Adjustment as used in this clause, means a fair and reasonable adjustment under the facts and circumstances of the particular situation, in the Contract price, delivery schedules and/or any other Contract provisions that are altered by the change, as applicable, plus the cost of any work, deliverables or other project requirements that will be added or deleted in connection with the change. The term, "equitable adjustment" in this context includes the costs of, and a reasonable profit for, the changed work/requirements, including the associated engineering, testing, project management and documentation.

Equitable Adjustment means, with respect to a particular event necessitating an adjustment in the Contract where an Equitable Adjustment is provided for, a reasonable good faith adjustment to the terms of this Contract, including price, schedules, payment schedules, delivery dates, and termination liability to the extent related to the Work caused by such particular event. The adjustments shall either be agreed to by the Parties in accordance with the terms of this Contract (including the incorporation in a Contract Amendment in accordance with Article 37.5) or as determined in accordance with Article 25. [*]

Equitable Adjustment means the execution, during calendar year 2009, of an agreement with the U.S. government that provides for a permanent increase in the Company’s operation and maintenance fees at Old North Utility Services (Fort Bragg) to recognize that the Company is managing more inventory than was included in the government’s initial request for proposal.

Equitable Adjustment means relief in terms of cost, schedule or contract terms.

Equitable Adjustment means a reasonable and equitable adjustment to the Contract price to take into consideration the additional Direct Costs incurred by the Contractor, together with a reasonable amount of Contractor's overhead and profit determined under the circumstances. Notwithstanding the foregoing, Equitable Adjustment shall not in any circumstance take into consideration any lost opportunity cost or lost opportunity profits unrelated to this Contract. Further, the Contract Form may provide for a fixed percentage of the Direct Costs, which will be used in lieu of overhead and profit for purposes of determining the Equitable Adjustment. Nothing in this Section shall preclude the Contractor and the District from mutually agreeing to alternate forms of price adjustment, such as time and materials or cost-not-to-exceed basis.

Equitable Adjustment shall have the meaning given such term in Section 14.1 of these Terms & Conditions.