HR 7320
To amend the Small Business Act to require equitable adjustments to certain construction contracts, and for other purposes.
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- Passed House
- Passed Senate
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Bill overview
This bill aims to protect small businesses involved in federal construction contracts. It allows a small business to request an ‘equitable adjustment’ from a federal agency if the agency changes the project’s scope without the small business’s agreement. The agency must then provide an interim partial payment to cover the increased costs, and the small business must pass along a portion of that payment to any first-tier subcontractors or suppliers who incurred additional expenses due to the change.
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