What happens if the contractor does not submit a claim within the specified time period?

If the contractor does not submit a claim within the specified time period, the claim is considered forever barred. This means that the contractor loses the right to pursue that claim due to the failure to adhere to the deadlines set forth in the contract or governing regulations. Timeliness is a crucial aspect of contract law, as it ensures that all parties move forward with clear expectations and that disputes are resolved within a reasonable timeframe.

By establishing a deadline for claims, contracts aim to maintain order and fairness in the contracting process, allowing both parties to rely on the finality of agreements made. Once the window for submitting a claim has closed, the opportunity to make that claim is extinguished, preventing any further legal recourse on that matter. Therefore, adhering to these deadlines is essential for contractors to protect their rights and interests in the event of disputes.