Contract Disputes Act

[AI summary unavailable — showing source text] Contract Disputes Act - Provides, with special exceptions, that this Act applies 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 any executive agency to settle claims relating to a contract entered into by it or another agency on its behalf, including claims initiated after award of a contract, based on mistake, misrepresentation, or other cause for contract modification or recission. Excludes claims for penalties or forfeitures prescribed by statute which another agency is specifically authorized to administer. Provides that when a claim is not resolved by mutual agreement, the contracting officer shall issue a decision in writing and furnish a copy of it to the contractor. Sets forth the required content of any such decision. Requires that a waivable conference be held to review the decision. Establishes in the executive branch of the Government a Small Claims Board of Contract Appeals. Sets forth the composition and compensation of Board members. Provides that the Small Claims Board shall have jurisdiction …