Article Date: 01/24/11

PRICE ADJUSTMENT CLAUSE DISCRETIONARY IN CONSTRUCTION CONTRACTS

Armed Services Board of Contract Appeals

Appeal of Thorington Electrical and Construction Co.

No. 56997
December 13, 2010

Overview

The Armed Services Board of Contract Appeals has ruled that the standard Economic Price Adjustment (EPA) clause is discretionary, not mandatory, in fixed-price construction contracts. The clause cannot be read into a contract that did not contain it. And, change orders ... Log in to view the full text.

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