Federal contractors are struggling to find relief from rising costs, with soaring inflation and ongoing supply chain issues complicated by government buyers’ limited flexibility to modify existing contracts.
Venable LLP partner Dismas Locaria works with government contractor clients looking to add language to future contracts and bids and to boost pricing to adjust to the new economic reality.
The following Q&A has been edited lightly for clarity.
What inflationary impacts are your contractor clients facing?
It’s eating into their margins significantly. We’re looking at, in some cases, increases of well over 100% in terms of the cost of supplies or ...