100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FAR part 12 Acquisition of Commercial Items (1). $7.99   Add to cart

Exam (elaborations)

FAR part 12 Acquisition of Commercial Items (1).

 1 view  0 purchase
  • Course
  • Institution

FAR part 12 Acquisition of Commercial Items (1).

Preview 1 out of 2  pages

  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
FAR part 12 Acquisition of Commercial
Items
When the contracting officer terminates a contract for commercial items for the
Government's convenience, the contractor shall be paid?
12.403(d) - ANS-(A) The percentage of the contract price reflecting the percentage of
the work performed prior to the notice of the termination for fixed-price or fixed-price
with economic price adjustment contracts, or:

(B) An amount for direct labor hours (as defined in the Schedule of the contract)
determined by multiplying the number of direct labor hours expended before the
effective date of termination by the hourly rates(s) in the Schedule; and

(C) Any charges the contractor can demonstrate directly resulted from the termination.

Which clause permits the Government to terminate a contract for commercial items
either for the convenience of the Government or for "cause"
12.403(a) - ANS-52.212-4

the requirements of Part ____ do not apply when terminating contracts for commercial
items
12.403(a) - ANS-FAR part 49

A termination for cause should not be executed if an ____________ exists. 12.403(c)(1)
- ANS-Excusable delay.

The KTR is required to notify the KO of any excusable delay as early as possible

What remedies are available to the gov't for a T4C - ANS-All remedies available in
commercial market including damages. Gov't has a responsibility to mitigate (limit,
reduce, eliminate) damages

The Government's preferred remedy to a termination will be to:
12.403(c)(2) - ANS-acquire similar items from another contractor and to charge the
defaulted contractor with any excess reprocurement costs together with any incidental
or consequential damages incurred because of the termination

The KOs notice of termination for cause shall, at a minimum:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$7.99
  • (0)
  Add to cart