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Contract Terminations questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Contract Terminations questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • contract terminations

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  • Commercial Construction
  • Commercial Construction

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Contract Terminations
-A notice to the contractor that the government is considering a termination for default. -
ANS-What is a Show cause notice?

49 - ANS-Terminations are covered in what FAR Part?

A proposal for effecting settlement of a contract terminated in whole or in part,
submitted by a contractor or subcontractor in the form, and supported by the dated,
required by Part 49 of the FAR - ANS-What is the definition of a Settlement proposal?

a written agreement in the form of a contract modification settling all or a severable
portion of a settlement proposal - ANS-What is the definition of a Settlement agreement
?

Contracting Officers shall terminate contracts only when it is in the best interest of the
government - ANS-What is the Authority and Responsibility for terminating a contract?

Cure notice is required for a termination for default

Must be "10" days left in the contractor period of performance to issue a "cure notice"

If 10 days are not remaining, the "cure notice" would, in effect, extend the period of
performance - ANS-What are the Cure Notice Requirements?

No. When the price of the undelivered balance of the contract is less than $5,000, the
contract should normally not be terminated for convenience but should be permitted to
run to completion - ANS-When the price of the undelivered balance of the contract is
less than $5,000, should should the contract be terminated?

Small Business Administration - ANS-If you are trying to T4D a small business concern,
the contracting officer shall provide a copy of any cure or show cause notice to what
organization?

the exercise of the Government's right to completely or partially terminate a contract
because of the contractor's actual or anticipated failure to perform its contractual
obligations - ANS-What is the definition of Termination for Default?

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