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What Contractors Need to Do Now to Prepare for Terminations for Convenience
Federal News Network – When the government terminates a contract for convenience, the contractor has certain rights and responsibilities. Federal News Network’s Terry Gerton spoke with Rogers Joseph O’Donnell contract attorney Stephen Bacon on the Federal Drive with Tom Temin to find out how contractors can prepare in the current environment.
The discussion touches on anticipatory profit, legal & consulting cost coverage, TCO delegation of authority to settle subcontracts and idled labor and severance costs, among other issues of interest of those going through the T/C process.