by Public Contracting Institute | Mar 26, 2020
Did ya know . . . ? Depending upon its industry and North American Industry Classification System (NAICS) code, a business status as a small business will be based upon either (i) number of employees or (ii) amount of “annual receipts.” 13 CFR 121. Interested in more... by Public Contracting Institute | Mar 12, 2020
Did ya know . . . ? A contractor is permitted to walk away from a multiple year contract after completion of the base contract year without any termination liability, if the Government fails to provide a proper “Notice of Intent to Exercise an Option”. FAR 52.217-8.... by Public Contracting Institute | Mar 12, 2020
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... by Public Contracting Institute | Mar 12, 2020
Did ya know . . . ? The term of a “multi-year” contract may not be longer than 5 years, unless otherwise authorized by statute. FAR 17.103 and FAR 17.104(a). Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the FAR course and make the FAR FUN!... by Public Contracting Institute | Feb 27, 2020
Did ya know . . . ? ID/IQ contracts are required to contain a “minimum guarantee” and “maximum quantity” clause. FAR 16.504(a)(1). 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...