In Episode #46, I talk with John Hindman of RSM as we discuss EPA's - known as Economic Price Adjustments (EPAs).
Recently, this has surfaced has a hot topic in the federal government contracting community as inflationary pressure has increased prices for energy and supplies creating situations where costs of finished goods have skyrocketed.
The government is keenly aware of the challenges to contractors in controlling prices while still delivering under the contract terms. Some contracts have had a EPA clause in the contract while others have not.
John discusses the key elements of EPAs including the difference between EPA and an Equitable Price Adjustment.