1533 Contract Terminations

Question 1

Termination of contracts is covered by what FAR part?

Answer 1

49

Question 2

Contracting Officers shall terminate contracts only when it is ________________

Answer 2

in the best interest of the government

Question 3

The exercise of the Government’s right to completely or partially terminate performance of work under a contract when it is in the Government’s interest

Answer 3

Termination for Convenience

Question 4

The exercise of the Government’s right to completely or partially terminate a contract because of the contractor’s actual or anticipated failure to perform its contractual obligations

Answer 4

Termination for Default

Question 5

The exercise of the Government’s right to terminate a contract because of the contractor’s failure to deliver goods / services or otherwise breaches a COMMERCIAL contract

Answer 5

Termination for Cause

Question 6

A notice to the contractor that the government is considering a termination for default.

Answer 6

Show cause notice

Question 7

When the price of the undelivered balance of the contract is less than__________, the contract should normally not be terminated for convenience but should be permitted to run to completion

Answer 7

$5,000

Question 8

What does the government use to notify the contractor that they’re in default and the contract is being terminated.

Answer 8

Cure notice

Question 9

If you are trying to T4D a small business concern, the contracting officer shall provide a copy of any cure or show cause notice to the ___________________

Answer 9

Small Business Administration