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2020-05-03
Dispose Date Contract Feature
The Dispose Date Contract feature simplifies the management of contracts by providing a clear end date for each agreement. This tool helps you maintain control over your contracts and ensures timely actions when agreements are set to expire.
Key Features
Specify precise end dates for all contracts
Automate notifications for upcoming expiration dates
Maintain a central repository for contract management
Track contract statuses easily
Integrate with existing document management systems
Potential Use Cases
Small businesses managing vendor contracts
Legal teams handling multiple agreements
Organizations ensuring compliance with contract terms
Project managers needing to align contract timelines with project schedules
Financial teams monitoring lease agreements
By using the Dispose Date Contract feature, you can eliminate confusion and enhance accountability. This feature allows you to be proactive about your contract management, reducing the risk of missed deadlines. It ultimately saves you time and effort, allowing you to focus on more important business activities.
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
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When can the government terminate a contract?
The government can terminate a contract for their convenience, or in the case of most contracts in excess of $25,000, for default when the government believes that a contractor failed to perform in accordance with the provisions of the contract.
Why does the government need the ability to terminate a contract for convenience?
As a rule, the government cannot be held liable for breach when it exercises its right to terminate contracts for convenience because it has the contractual and/or inherent right to do so. ... Such settlements typically include any costs incurred in anticipation of performing the terminated work and profit thereon.
When can the government terminate a contract for convenience?
The government can terminate a contract for their convenience, or in the case of most contracts in excess of $25,000, for default when the government believes that a contractor failed to perform in accordance with the provisions of the contract.
What does terminate for 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).
Why is termination for convenience important?
A “termination for convenience” clause, which allows a party to terminate the contract without cause, can be a useful mechanism to end a contract and avoid costly disputes. This type of clause has become more common in the construction industry in recent years.
What is the most important thing that you as the government contracting officer should remember when pursuing a termination for
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 happens if you default on a government contract?
Paragraph (b) of the default clause provides that upon default, the government may acquire replacement services or supplies, and the defaulting contractor “will be liable to the government for any excess costs for those supplies or services.” In most cases, the government will rely on this right to recover “excess ...
What happens when government contract ends?
The contract termination notice and clause generally require a contractor to stop work immediately on the terminated portion, to terminate all affected subcontracts, to perform any specified terminated portions of the contract, and to proceed promptly to settle termination claims, both its own and those of its ...
What is the contractor liable for under a contract terminated for default or cause?
(a) Under a termination for default, the Government is not liable for the contractor's costs on undelivered work and is entitled to the repayment of advance and progress payments, if any, applicable to that work.
What is termination by 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 of a contract for default can have disastrous consequences for the contractor.
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