Terminations - Match the term to its definition or description. (2 points each)

Settlement Profit

Termination notice

Show Cause Notice

Forbearance

Settlement Proposal

Cure Notice

Settlement proposal base - Total Cost Method

Settlement proposal base - Inventory Method

Breach of Contract

Terminating Contracting Officer (TCO)

Partial Termination

Liquidated Damages

Constructive Termination

Anticipatory "Breach of Contract"

Excess costs of reprocurement

Answer choices

A sufficient, but reasonable time to decide what to do in a (termination) situation.

Specialized position responsible for promptly negotiating any settlement proposal with the contractor, including a no-cost settlement if appropriate.

FAR Part 49 requirement sent from the CO to the contractor stating the contract is partially or completely ending.

Certain costs incurred by the Government in excess of the contract price of a contract that has been terminated for default.

Ending a portion of the contract limited to a fee adjustment and a possible reduction in estimated contract costs

Contractor's costs are allocated to items such as raw materials, purchased parts, work-in-process, and tooling to separately itemize all costs and allowance for profit.

Allowed on preparations made and work accomplished on the terminated portion of the contract, but not settlement expenses.

Preferred basis for fixed-priced construction and lump-sum professional services contracts where the contractor must itemize all costs incurred under the contract up to the effective date of the termination.

A preliminary written notice given to the contractor by the CO when a T4D seems appropriate.

A delinquency notice that must be issued by the Government prior to the actual Termination for Default of a supply or service contract before the contract's delivery date

Contractor fails to perform with any other provision of the contract; requires a cure notice

An express provision in a contract stating a sum for which one of the parties will be liable upon Breach of Contract or failure to perform

All of the allowable costs of performance incurred up to the termination date, certain continuing costs, settlement expenses and the appropriate profit/fee; subject to audit and TINA

This comes about by either a conversion of an improper termination for default into a termination for convenience or the cancellation of a contract, an award or work

A positive, definite, unconditional, and unequivocal manifestation of (contractor) intent not to render the promised performance may be a basis for termination