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contract termination |
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Defense procurement: the cessation or cancellation, in whole or in part, of work under a prime contract or a subcontract thereunder for the convenience of, or at the option of, the government, or due to failure of the contractor to perform in accordance with the terms of the contract (default). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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167(c)(2) prohibited allocation of any amount as a deductible contract termination payment. But arbitrator Dean Feerick ruled March 4 that the contract termination and suspension were excessive. In fact, when a contractor's personnel are involved in these contract termination activities, the company can add applicable indirect costs such as the expenses for employees' payroll taxes, fringe benefits, occupancy costs and immediate supervision. |
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