Did ya know . . . ?

The Government may terminate a “multi-year” contract for convenience at any time during the life of the contract, for total quantity or partial quantity. FAR 17.104(d). In the event of a termination for convenience, the Government’s obligation shall not exceed the amount specified in the contract’s Schedule as available for contract performance, plus the cancellation ceiling. FAR 17.106-1(h).

Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the FAR course and make the FAR FUN! Learn without leaving the comfort of your computer! Sign up now and get access to past episodes. 

Join the FAR Conversation over on PCI’s Linked In page.