What does the Contract Disputes statute state about claims in excess of $100,000?

Study for the Federal Acquisition Certification in Contracting Exam. Gain confidence with multiple choice questions that include hints and explanations. Prepare effectively and boost your exam readiness!

The Contract Disputes statute requires that claims in excess of $100,000 must be certified upon submission in order to be considered valid. This certification process is a formal requirement that signifies the claimant's belief that the claim is made in good faith, that the supporting data is accurate and complete to the best of their knowledge, and that the amount requested is justified. This requirement is designed to ensure that only legitimate and substantiated claims are presented, which serves to protect both the government and contractors from frivolous or baseless claims.

Failure to provide this certification means that a claim over the $100,000 threshold is invalid and cannot be processed or acted upon. Therefore, for those involved in federal contracting, understanding the certification requirement is crucial for the effective management of contract claims and disputes.

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