Contract Disputes Act

[AI summary unavailable — showing source text] Contract Disputes Act - Applies the provisions of this Act to any contract entered into by an executive agency for the procurement of: (1) property other than real property in being, (2) services, or (3) construction, alteration, repair, or maintenance of real property. Authorizes each executive agency to settle, compromise, pay, or otherwise adjust claims by or against, or disputes with, a contractor relating to a contract entered into by it or another agency on its behalf, including claims or disputes, initiated after award of a contract, based on mistake, misrepresentation, or other cause for contract modification or rescission, but excluding claims or disputes for penalties or forfeitures prescribed by statute or regulation which another agency is specifically authorized to administer, settle, or determine. Provides that when a claim by a contractor against the Government or by the Government against a contractor is not resolved by mutual agreement, the contracting officer shall promptly issue a decision in writing and shall mail or otherwise furnish a copy of the decision to the contractor. Provides that the decision shall state the reasons for denying the claim, in whole or i…