Assignment Instructions/ Description
In 3 pages please answer all questions in detail. Please provide answers only without the question.
1. Contract termination policy and procedures are identified in federal government contracts. Who has the authority and responsibility for terminating contracts? When may the government terminate a contract? What are the procedures for terminating a contract for convenience?
2. Contract closeout is a major aspect of the federal acquisition and contracting process. When is a Federal contract physically complete?
3. Claims are a matter of business when dealing with government contractors. When may a contractor initiate a claim under a federal contract? What must occur for a claim to be processed that exceeds $100,000?
4. Contract financing payments play a major role in the acquisition process. What does contract financing payment mean?
5. A contract modification may introduce or cancel specifications or terms of an existing contract. What is the federal government’s contract modification policy? Define the different type modifications a contracting officer may issue to a government contract
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