Loss Measurement

DISASTERRECOVERYTODAY.COM

DISASTER RECOVERY TODAY

...immediately after the disaster when a clear scope of work cannot be developed.

Applicants must carefully monitor and document contractor expenses. A cost ceiling or not to exceed provision must be included in the contract. If a time and materials contract has been used, the applicant should contact the State to ensure proper guidelines are followed. Cost plus a percentage of cost contracts and contracts contingent on FEMA reimbursement are not eligible.

FEMA provides reimbursement for three types of contracts: Lump sum contracts, unit price contracts and cost plus fixed fee contracts.

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