Arkansas does not allow local jurisdictions like cities or counties to collect a local sales tax. The Arkansas state sales tax of 6.5% is applicable statewide. You can view the sales tax rates for various cities in Arkansas here.
Equitable adjustment is a term of art that includes an adjustment to fee, and the target. minimum, and maximum fees should not be increased in this case for what I hope are obvious reasons. The adjustment should be limited to the effect of the new wage determination on wages and fringes.
Should a Contractor Submit an REA or a Claim? The question of whether to submit a Request for an Equitable Adjustment, commonly referred to as an âREA,â or a claim, is one that clients ask on a frequent basis.