In addition to price adjustment, the Government is entitled to:

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Study for the FAR Part 15 Contracting by Negotiation Test. This quiz covers key concepts of federal contracting procedures, including negotiation strategies and proposal evaluation. Arm yourself with hints and explanations to boost your exam readiness!

Multiple Choice

In addition to price adjustment, the Government is entitled to:

Explanation:
When the price is adjusted, the Government can still seek remedies for money already paid. If an overpayment occurred, the government is entitled to recover that overpayment and to collect interest on it because the government’s money has been used by the contractor for a time. In addition, there are situations where penalties may be imposed for certain overpayments, such as when the overpayment results from improper or fraudulent actions. So, in addition to adjusting the price, the Government can pursue both recovery of the overpayment with interest and penalties on qualifying overpayments.

When the price is adjusted, the Government can still seek remedies for money already paid. If an overpayment occurred, the government is entitled to recover that overpayment and to collect interest on it because the government’s money has been used by the contractor for a time. In addition, there are situations where penalties may be imposed for certain overpayments, such as when the overpayment results from improper or fraudulent actions. So, in addition to adjusting the price, the Government can pursue both recovery of the overpayment with interest and penalties on qualifying overpayments.

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