What is PD No 1177?
No. 1177. WHEREAS, the national budget is a major instrument for development, requiring careful design of the preparation, legislation, execution, and accountability phases of budgeting. WHEREAS, the experience of the years has been reflected in various improvements in the budget process, and embodied in C.A.
What is government capital outlay?
The capital outlays of the national government are appropriations spent for the purchase of goods and services, the benefits of which extend beyond the fiscal year and which add to the assets of government, including investments in the capital stock of government-owned or controlled corporations and their subsidiaries.
What is the difference between termination for cause and termination for default?
A Termination for Default is the complete or partial termination of a contract because of a contractor’s actual or anticipated failure to meet its contractual obligations. A Termination for Cause is the term used for a Termination for Default in a FAR PT 12 contract for the acquisition of commercial items.
What is the most important thing that you as the government contracting officer should remember when pursuing a termination for convenience?
Probably most important to remember in a termination for convenience of commercial items is that the contractor is paid for the percentage of the contract price reflecting the percentage of work performed prior to the termination plus any directly related termination costs.
What is termination by default?
(a) Termination for default is generally the exercise of the Government’s contractual right to completely or partially terminate a contract because of the contractor’s actual or anticipated failure to perform its contractual obligations.
What does termination of convenience mean?
A termination for convenience clause is a clause in a construction contract that allows one or both parties to terminate the agreement without a specific reason for doing so (such as a default or breach of the contract).
What are the three types of termination of a government contract?
52.249-1: Termination for Convenience of the Government (Fixed-Price) (Short Form) 52.249-2: Termination for Convenience of the Government (Fixed-Price) 52.249-3: Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements)
Can a termination for convenience be converted to a termination for default?
If the contractor’s failure to perform is excusable or the termination for default was improper, the termination usually is converted into a termination for the Government’s convenience and is not considered a breach of contract. The Court found that the contractor met this burden in Bowles v. United States, No.