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White graduation cap icon CON 7480  Extraordinary Contractual Actions

Extraordinary Contractual Actions

On September 9, 2022, the Principal Director, Defense Pricing and Contracting (DPC) issued a memo titled, “Managing the Effects of Inflation with Existing Contracts.” In this memo, DPC provided procedural information on how to process requests for relief for extraordinary circumstances where contractors have sought or may seek an upward adjustment to the price of an existing firm-fixed-price contract to account for the current inflationary, economic conditions, but many questions remain. This Online Training (OLT) course provides clarification on Pub. L. 85-804 as implemented in FAR subpart 50.1. This course does not address Economic Price Adjustment (EPA) Clauses or modifications based on consideration.

REQUIRED PREREQUISITES

See the Notes section of this course's concept card for recommended prerequisite.

PREDECESSOR COURSES

TARGET AUDIENCE

Our defense partners who seek relief under FAR subpart 50.1 and acquisition professionals who process and review these requests.

NOTES

Recommended Prerequisite:
  • CON 7470 Inflation and Economic Price Adjustments
Additional Information:
  • Any exams in this course must be passed with a minimum score of 80%.
  • There is no time limit for completing this course.
  • After completing the course, please be sure to complete the survey at the end.
  • The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).