Search results
Results from the WOW.Com Content Network
The authority under FAR Part 12, Commercial Items (and services), must be used thoughtfully and carefully. It is very tempting for a contracting officer to use FAR Part 12 and hence FAR Part 13 in situations where such use is clearly not appropriate in view of the basic reasons commercial item acquisition authority was created by Congress.
Terminations for commercial items (FAR Part 12) contracts are governed by FAR 52.212-4(l) and (m), not the T4C or T4D clauses of FAR 52.249-x. FAR Part 49 prescribes T4D and T4C clauses in FAR Part 52 for non-commercial items (FAR Part 12) related contracts. In particular, T4D is covered by FAR Subpart 49.4, Terminations for Default.
[12] There are a number of basic rules regarding the Changes clause that have been developed by the courts and boards of contract appeals over the years. One of the fundamental tenets is that a contractor cannot claim an equitable adjustment where it incurs additional costs or performance delays voluntarily, rather than as a result of ...
In 1970, Congress established the original Cost Accounting Standards Board (CASB) to promulgate cost accounting standards designed to achieve uniformity and consistency in the cost accounting principles followed by defense contractors and subcontractors in excess of $100,000, and to establish regulations to require defense contractors and subcontractors, as a condition of contracting, to ...
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...
The law was passed as part of the Deficit Reduction Act of 1984, P.L. 98-369, §§ 2701–2753, 98 Stat. 1175 (1984), and its competition requirements took effect on April 1, 1984. [1] The law defines a role for GAO to adjudicate "bid protests", which are claims that the government awarded a contract improperly.
Nina Andersson, from Sweden, and Derek Barclay, from Scotland, both embarked on European railway adventures in the summer of 1990. The two strangers kept crossing paths and their connection became ...
Today's Connections Game Answers for Wednesday, January 29, 2025: 1. OWNED: BORE, HAD, HELD, POSSESSED 2. THINGS YOU MIGHT DO IN YOUR SLEEP: DREAM, DROOL, SNORE, TALK ...