CON 3990 PREP EXAM (LATEST) MOST RECENT
EXAM 2027|2027 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | GUARANTEED SUCEESS!!
NEWEST EXAM | JUST RELEASED!!
What shall a termination notice include? - ANSWER--that the
contract is being terminated for the convenience of the
government or default under the contract clause authorizing -
effective termination date
-The extent of the termination
-any special instructions
-The steps the contractor should take to minimize the impact on
personnel. If the termination, together with all other
outstanding terminations, will result in a significant reduction
in the contractors workforce.
What duties of prime contractor after receipt of notice of
termination? - ANSWER--stop working immediately on the
terminated portion of the contract and stop placing
subcontracts there under;
-terminate all subcontracts related to the terminate portion of
the prime contract; -immediately advise the TCO of any special
circumstances precluding the stoppage of work;
-perform the continued portion of the contract and submit
promptly any request for equitable adjustment of price for the
,continued portion, supported by evidence of any increase in
cost, if the termination is partial;
-take necessary or directed action to protect and preserve
property in the contractors possession in which the
government has, or may acquire an interest, and, as directed by
the TCO, deliver the property to the government; -promptly
notify the TCO in writing of any legal proceedings growing out
of any subcontract, or other commitment related to the
terminated portion of the contract;
-Settle Outstanding liabilities and proposals arising out of
termination of the subcontractors, obtaining in the approvals,
or ratifications, required by the TCO; -Properly submit the
contractors own settlement proposal, supported by appropriate
schedules; and
-dispose of termination inventory, as directed or authorized by
the TCO
The TCO should attempt to settle in _______ agreement, all
right, and liabilities
of parties under the contract, except those arising from any
continued portion of
the contract -
ANSWER-One
When ATC, you cannot promptly complete settlement under the
terminated contract, a partial sediment may be entered into if? -
ANSWER--The issue on which the agreement has been
reached, are clearly severable from other issues -The partial
settlement will not prejudice the government where the
,contractors interest in disposing of the unsettled part of the
settlement proposal.
No-cost settlement agreements shall be executed by CO if? -
ANSWER--The
contractor has not occurred cost for the terminated portion
of the contract
-The contractor is willing to waive the
cost incurred
-No amounts are due the government under
the contract
What is termination for convenience? (T4C) - ANSWER-Is the
government's unilateral contractual right to partially or
completely terminate a contract without being required to pay
damages, despite full contractor, compliance with its
contractional obligations. Know
What is termination for default? (T4D) - ANSWER-Termination
for default is generally the exercise of the governments
contractual right to completely or partially, terminate a
contract, because the contractors, actual or anticipated failure
to perform its contractual obligations
What is a delinquency notice? - ANSWER-A delinquency notice
must be sent by the CEO to the contractor if it appears that the
contractor has breached, the contract and the government is
considering a termination action
, What are two types of notices that can be used
sequentially or single? -
ANSWER-Cure notice or show
cause
What is a cure notice? - ANSWER-The government is basically
demanding the
contractor tellsus how they intend on curing
the situation
What is a show cause? - ANSWER-Is to determine the
circumstances of the
situation that may be beyond the control of the
contractor. It informs the
contractor of any liabilities in the event of termination and
asked the contractor
to provide evidence as to why they should not be
terminated for a default.
What is termination for cause? (commercial products and
services) - ANSWER-
Terminating a contract for when it's in the best interest of
the government
What are two main types of terminations for
noncommercial contracts? -
ANSWER-Termination for convenience and
termination for default
EXAM 2027|2027 ACTUAL COMPLETE REAL EXAM
QUESTIONS AND CORRECTLY WELL DEFINED
ANSWERS (VERIFIED ANSWERS) ALREADY
GRADED A+ | GUARANTEED SUCEESS!!
NEWEST EXAM | JUST RELEASED!!
What shall a termination notice include? - ANSWER--that the
contract is being terminated for the convenience of the
government or default under the contract clause authorizing -
effective termination date
-The extent of the termination
-any special instructions
-The steps the contractor should take to minimize the impact on
personnel. If the termination, together with all other
outstanding terminations, will result in a significant reduction
in the contractors workforce.
What duties of prime contractor after receipt of notice of
termination? - ANSWER--stop working immediately on the
terminated portion of the contract and stop placing
subcontracts there under;
-terminate all subcontracts related to the terminate portion of
the prime contract; -immediately advise the TCO of any special
circumstances precluding the stoppage of work;
-perform the continued portion of the contract and submit
promptly any request for equitable adjustment of price for the
,continued portion, supported by evidence of any increase in
cost, if the termination is partial;
-take necessary or directed action to protect and preserve
property in the contractors possession in which the
government has, or may acquire an interest, and, as directed by
the TCO, deliver the property to the government; -promptly
notify the TCO in writing of any legal proceedings growing out
of any subcontract, or other commitment related to the
terminated portion of the contract;
-Settle Outstanding liabilities and proposals arising out of
termination of the subcontractors, obtaining in the approvals,
or ratifications, required by the TCO; -Properly submit the
contractors own settlement proposal, supported by appropriate
schedules; and
-dispose of termination inventory, as directed or authorized by
the TCO
The TCO should attempt to settle in _______ agreement, all
right, and liabilities
of parties under the contract, except those arising from any
continued portion of
the contract -
ANSWER-One
When ATC, you cannot promptly complete settlement under the
terminated contract, a partial sediment may be entered into if? -
ANSWER--The issue on which the agreement has been
reached, are clearly severable from other issues -The partial
settlement will not prejudice the government where the
,contractors interest in disposing of the unsettled part of the
settlement proposal.
No-cost settlement agreements shall be executed by CO if? -
ANSWER--The
contractor has not occurred cost for the terminated portion
of the contract
-The contractor is willing to waive the
cost incurred
-No amounts are due the government under
the contract
What is termination for convenience? (T4C) - ANSWER-Is the
government's unilateral contractual right to partially or
completely terminate a contract without being required to pay
damages, despite full contractor, compliance with its
contractional obligations. Know
What is termination for default? (T4D) - ANSWER-Termination
for default is generally the exercise of the governments
contractual right to completely or partially, terminate a
contract, because the contractors, actual or anticipated failure
to perform its contractual obligations
What is a delinquency notice? - ANSWER-A delinquency notice
must be sent by the CEO to the contractor if it appears that the
contractor has breached, the contract and the government is
considering a termination action
, What are two types of notices that can be used
sequentially or single? -
ANSWER-Cure notice or show
cause
What is a cure notice? - ANSWER-The government is basically
demanding the
contractor tellsus how they intend on curing
the situation
What is a show cause? - ANSWER-Is to determine the
circumstances of the
situation that may be beyond the control of the
contractor. It informs the
contractor of any liabilities in the event of termination and
asked the contractor
to provide evidence as to why they should not be
terminated for a default.
What is termination for cause? (commercial products and
services) - ANSWER-
Terminating a contract for when it's in the best interest of
the government
What are two main types of terminations for
noncommercial contracts? -
ANSWER-Termination for convenience and
termination for default
