Procurement Contract Law
Procurement Law Overview, Part Two
Procurement and Contract Law
Procurement Law Overview, Part Two Payments under Fixed-Price Construction Contract clause permits the government to partially compensate contractors for supply and services which have been accepted by the Government, as long as the contractor demand it and the sum is no less than $1,000 or 50% of the full contract amount. These interim payments diminish the contractor needs to finance expenses to fulfill the contract. As permitted by the Contracting Officer, the government will reimburse the contractor, the amount that is specified in the contract as the work continues, or as decided by the Contracting Officer. An itemized list must be required to identify how …show more content…
The requirement was set to prepare a training facility for soldiers to physically train in combative training, which is very similar to having a training facility to train in mix martial arts. Due to it was a new pilot program in the Army, a contract was initiated to purchase all essential items for a training facility which incorporates training regiments of boxing, wrestling, jiu-jitsu, karate, etc. The Army pilot program was incorporating a training module with a training package which included all necessary equipment for training soldier. The problem we encountered was there was no clear delivery date for this equipment. The issue allowed us to contract the supply and services to ensure we could meet the demand in preparing a training facility. A month into the contract, we only had 50% of the required equipment to consider our training facility operational. That’s when we received the notification that all required equipment will be received from the Total Package Fielding Initiative from the Army, and we were set to receive the equipment within two weeks. A quick notification was sent to the Contracting Officer of the status, in which he informed all parties involved, to cancel all pending request for equipment. My unit saved 40% of what was initially allocated to be spent for this training …show more content…
Multiple Award Schedule (MAS) contracts is a easy process for attaining regularly used commercial supplies and services at costs related with bulk buying. Government-Wide Acquisition Contracts (GWACs) were established by the Clinger-Cohen Act of 1996 to enable the government’s to locate state-of-the-art information technology quickly and at a low price. It shortens the method by enlisting skilled retailers on a pre-approved list of contractors to complete information technology contracts. Miscellaneous contract types are other kinds of contracts which are comprised from other contracts already mentioned, letters, and/or agreements which are not actually considered a formal
Procurement and Contract Law
Procurement Law Overview, Part Two Payments under Fixed-Price Construction Contract clause permits the government to partially compensate contractors for supply and services which have been accepted by the Government, as long as the contractor demand it and the sum is no less than $1,000 or 50% of the full contract amount. These interim payments diminish the contractor needs to finance expenses to fulfill the contract. As permitted by the Contracting Officer, the government will reimburse the contractor, the amount that is specified in the contract as the work continues, or as decided by the Contracting Officer. An itemized list must be required to identify how …show more content…
The requirement was set to prepare a training facility for soldiers to physically train in combative training, which is very similar to having a training facility to train in mix martial arts. Due to it was a new pilot program in the Army, a contract was initiated to purchase all essential items for a training facility which incorporates training regiments of boxing, wrestling, jiu-jitsu, karate, etc. The Army pilot program was incorporating a training module with a training package which included all necessary equipment for training soldier. The problem we encountered was there was no clear delivery date for this equipment. The issue allowed us to contract the supply and services to ensure we could meet the demand in preparing a training facility. A month into the contract, we only had 50% of the required equipment to consider our training facility operational. That’s when we received the notification that all required equipment will be received from the Total Package Fielding Initiative from the Army, and we were set to receive the equipment within two weeks. A quick notification was sent to the Contracting Officer of the status, in which he informed all parties involved, to cancel all pending request for equipment. My unit saved 40% of what was initially allocated to be spent for this training …show more content…
Multiple Award Schedule (MAS) contracts is a easy process for attaining regularly used commercial supplies and services at costs related with bulk buying. Government-Wide Acquisition Contracts (GWACs) were established by the Clinger-Cohen Act of 1996 to enable the government’s to locate state-of-the-art information technology quickly and at a low price. It shortens the method by enlisting skilled retailers on a pre-approved list of contractors to complete information technology contracts. Miscellaneous contract types are other kinds of contracts which are comprised from other contracts already mentioned, letters, and/or agreements which are not actually considered a formal