Thread: Rea?
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Old 11-14-2006, 06:36 PM
blast1 blast1 is offline
Junior Member
 
Join Date: Apr 2006
Location: IDAHO
Posts: 91
Default Rea?

I've learned something new from an old friend. An associate for whom he was doing work with lost his shirt. Something about shipping over the stimated containers of demo debris from some island.
His bond was going to be called when he went to the Owner and asked for an REA...Request for Equitable Adjustment.
What it meant, I thought, was if you make a mistake on an estimate, you ask for an REA. Has any persons heard of such?
I didn't ask if he was successful but it's a pretty good idea if it's what implied.
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