Prices are going up everywhere — at the supermarket, at the gas station, and online — with no apparent relief in sight. Construction is feeling it, too, with costs of materials skyrocketing. Unfortunately, based on recent guidance from the Department of Defense, federal contractors will not have much recourse.
On May 25, 2022, the DOD addressed inflation and the resulting increased contract costs that federal construction contracts are facing. Many of them had hoped to receive an equitable adjustment in their contracts, but in most cases, that does not seem likely.