Federal Contracting Made Easy's Podcast

Termination For Convenience - Contractors Edition

Informações:

Sinopsis

Friday September 20, 2019 Episode #096 Termination for Convenience. Those three little words are something that no contractor wants to hear. After all, who wants the government to seek termination actions on their contract. But let's be honest, it does happen. Contract terminations can happen at any time. Sometimes the contractor is at fault and sometimes the contractor is not at fault. Our goal for today’s episode is to educate you on the procedures that transpire when the government terminates a contract. In addition, we will go over the resources available to both parties (government and contractor). Remember the better educated you are the better business decisions you can make. Up next, we will go over the contract termination options used by the government. Types of Contract Terminations There are three types of contract terminations available to the government. The first called Terminate for Convenience otherwise known as T4C. The second called Termination for Default otherwise known as T4D. The third