In the usual course of events, any SCA price adjustment proposed must be grounded in the contractor’s actual incurred costs, not the costs the contractor proposed that it would incur when it agreed to the contract.

I have looked at the FAR Part 22 labor and employment provision changes in the proposed Revolutionary FAR Overhaul. To my eyes they don’t seem so “revolutionary.” Mostly, what they do is move the interpretive regulations to the new FAR Companion or other resources. That may reduce their importance. And that may make it easier to evade compliance. But that isn’t likely to change much for the prevailing wage field since the FAR regulations were simply a restatement of the Department of Labor’s (“DOL’s”) Part 4 and 5 regulations found in 29 Code of Federal Regulation. Those DOL regulations have been around for a long time. Taking provisions out of the regulatory book (yet leaving DOL’s regulatory scheme in place) and leaving existing statutory provisions on the books, does NOT constitute a “revolution.”

Valuing a parking space or the absence thereof in a real estate transaction is more art than science. Some of the factors to consider include the cost to build it, the revenue it could generate, and how scarce parking is in the community..