A good news alert from Nicholas Solosky of Fox Rothschild LLP, on how going blindly into a Bilateral Modification can be very costly to contractors.
Contractors intending to submit a Request for Equitable Adjustment or Claim on a Government contract need to be aware of the implications of bilateral modifications. Make sure you understand the limitations that the Government may place in a Bilateral agreement for cost recovery, it could be very expensive to your company.