Post Acceptance Limitation Of Liability For High Value Items
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Author | : Anthony Larry Steadman |
Publisher | : |
Total Pages | : 79 |
Release | : 1999-07-01 |
Genre | : Government contractors |
ISBN | : 9781423542407 |
Every contract has risks. It is the type and degree of risks that vary from contract to contract. These risks are allocated through express or implied contract terms. Courts and boards also allocate risk if the parties fail to do so or a dispute arises over allocation. Rather than pay increased end item prices to cover the cost of potential post- acceptance risk of loss, the Federal Acquisition Regulations (FAR) relieve the contractor of liability for loss of or damage to government property that occurs after acceptance resulting from defects or deficiencies in the supplies or services. In other words, the government self-insures against such post-acceptance loss or damage. For "high- value items," this self-insurance coverage includes loss of or damage to the end item itself. The FAR also calls for a corresponding decrease in the price of end items that are based on catalog or market prices, reflecting the contractor's reduced liability in providing commercial items. It has been 28 years since this self-insurance policy was first promulgated in federal government contracts. This thesis examines the assumptions underlying that policy with respect to high-value items in light of recent changes in the government procurement environment. First, in Part I, I dissect the limitation of liability clause itself to fully understand its origin and applicability. In Part II, I consider the impact of recent developments affecting post-acceptance liability. In Part III, I discuss post-acceptance liability of assembler contractors and component part manufacturers providing insight into common law principles of risk allocation in the commercial marketplace. In Part IV, I examine some of the factors that affect a contracting officer's decision to limit the liability of a contractor or subcontractor. I conclude with recommended changes intended to improve the process of procuring high-value items and allocation of post- acceptance risk of loss.
Author | : United States. Defense Logistics Agency |
Publisher | : |
Total Pages | : 464 |
Release | : 1976 |
Genre | : Engineering inspection |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 1096 |
Release | : 1990 |
Genre | : Government purchasing |
ISBN | : |
Author | : United States. Department of Defense |
Publisher | : |
Total Pages | : 500 |
Release | : |
Genre | : Government purchasing |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 1124 |
Release | : 2005 |
Genre | : Administrative law |
ISBN | : |
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Author | : |
Publisher | : |
Total Pages | : 688 |
Release | : 2017 |
Genre | : Administrative law |
ISBN | : |
Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries.
Author | : Office of the Federal Register (U.S.) Staff |
Publisher | : Office of the Federal Register |
Total Pages | : 1304 |
Release | : 2013-01-28 |
Genre | : |
ISBN | : 9780160914775 |
Author | : |
Publisher | : Government Printing Office |
Total Pages | : 1140 |
Release | : 2010-01-25 |
Genre | : Law |
ISBN | : 9780160840517 |
Author | : Dan Lindner |
Publisher | : Rowman & Littlefield |
Total Pages | : 661 |
Release | : 2022-08-14 |
Genre | : Business & Economics |
ISBN | : 1636710530 |
A Guide to Federal Contracting: Principles and Practices demystifies the federal buying process, providing in one volume a succinct yet thorough treatment of federal contracting requirements or regulations. Bringing together concepts of business, law, politics, public and social policy, pricing, and contract placement and administration, Dan Lindner draws on 40 years of federal government experience to cover the vast spread of this important process that impacts our daily government operations. This completely updated second edition incorporates the nearly 16 regulatory changes that have occurred since the first edition was published and adds new subsections on Product Planning and Placement, Major Systems Acquisition, Cloud Computing, Cybersecurity, Other Transaction Agreements, Corporate Budget, and Work Breakdown Structure.
Author | : |
Publisher | : |
Total Pages | : 434 |
Release | : 2001 |
Genre | : Government purchasing |
ISBN | : |