District of Columbia Subcontract for Construction of Portion of or Materials to go into Building with Provisions that upon Termination for Cause Contractor May Complete Work and Retain all Amounts due Subcontractor
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How to fill out Subcontract For Construction Of Portion Of Or Materials To Go Into Building With Provisions That Upon Termination For Cause Contractor May Complete Work And Retain All Amounts Due Subcontractor?
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FAQ
52.249-1: Termination for Convenience of the Government (Fixed-Price) (Short Form) 52.249-2: Termination for Convenience of the Government (Fixed-Price) 52.249-3: Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements)
(a) The contractor has not incurred costs for the terminated portion of the contract or. (b) The contractor is willing to waive the costs incurred and. (c) No amounts are due the Government under the contract.
The right to terminate for convenience has historically been viewed as protecting the public interest by ensuring that the government does not have to pay for something that it may no longer need or want.
The Bid Package is to include the following: (i) an invitation to bid; (ii) copy of the proposed construction contract; (iii) a form of bid guarantee that is reasonably acceptable to the County that guarantees, at a minimum, an amount equal to five percent (5%) of the bid price; and (iv) all Construction Plans.
The 5 key steps of the bidding processBid Solicitation.Bid Submission.Bid Selection.Contract Formation.Project Delivery.
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.
The contracting officer is required to effect a no-cost settlement in lieu of termination when: It is known that the contractor will accept a no cost settlement, Government property was not furnished, and. There are no outstanding payments, debts due the government, or other contractor obligations.
By law, anyone in California who contracts for or bids on a construction project valued at $500 or more (combined labor and material costs) must be licensed by the Contractors State License Board (CSLB).
Why Is Subcontractor Status Important? Subcontractor status is important to prime and subcontractors. A federal prime contractor is required to flow-down multiple Federal Acquisition Regulation (FAR) clauses to its subcontractors.
The contracting officer may require consent to subcontract if the contracting officer has determined that an individual consent action is required to protect the Government adequately because of the subcontract type, complexity, or value, or because the subcontract needs special surveillance.