Terminations in Government Contracts: Preparing for Budget Cuts
December 13, 2012
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Unlike most commercial contracts, Federal government contracts permit the government to terminate a contract for the government’s convenience. Worse yet, it is likely that the coming budget cuts and possible sequestration will result in agencies adjusting their priorities which may result in an increase in contract terminations. The government may also, of course, terminate a contract for default, and it is possible that budgetary constraints may cause agencies to be less hesitant to consider a default termination as well.
Contractors are not without rights when a contract is terminated, and having a working knowledge of those rights will help you maximize your recovery if your contract is terminated. This 90-minute webinar will provide an overview of both termination for convenience and termination for default, the procedural steps the government must follow, recommendations as to how a contractor should respond, and explain which costs are recoverable. For example, certain expenses, including preparation of a termination for convenience settlement proposal, are recoverable.
- Understand the procedural requirements the government must follow when issuing a termination for convenience or default.
- Learn how a contractor should respond after receiving notice that the government intends to terminate a contract.
- Identify a contractor’s obligation to notify its employees and subcontractors.
- Become familiar with the key components of termination settlement proposal.
- Determine which costs are recoverable after a termination for convenience or for default.
- Learn how to challenge a termination.
- And much, much more!
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