This two-day, elective course covers the necessary steps and serious implications of terminating a government contract. Contract terminations are unfortunately a fact of life: contract requirements may change, or the contracting officer may be faced with a problematic contract. This course focuses on processes and legal considerations related to contract terminations. It begins with a review of the basic principles and sources of law relevant to the termination of government contracts and various legal issues that surround this particular area of contracting. Topics include reasons why contracts are terminated, who is responsible for terminations, and what type of termination is most advantageous to the government.
• Recognize the factors that must be considered when terminating a contract
• Determine the method of termination based on the decision to terminate
• Discuss the characteristics of three types of government contract termination: convenience, cause, and default
• Identify and apply procedures applicable to noncommercial and commercial terminations
• Identify the procedures for a Termination for Convenience (T4C) or for Default (T4D)