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This new second edition provides a framework for prime contractors and subcontractors to negotiate the terms and conditions of service subcontracts in support of federal government customers. This Guide is based on the published Federal Acquisition Regulation and Department of Defense FAR Supplement texts as of November 30, 2018.
Navigating Contract Terms and Conditions Just Got Easier! Organizations are at risk when contract terms and conditions are not fully understood. The Government Subcontractor's Guide to Terms and Conditions quickly guides you through the process of reviewing and negotiating contracts, identifying terms and conditions of concern, and mitigating potential risks. Author Kenneth Segel has tapped over 20 years of contract experience to write a handbook that walks even the most junior contracts administrator through the daunting task of reviewing and negotiating a government contractor's terms and conditions. This critical resource will help you • Determine what specific terms and conditions to address • Distinguish between a favorable and an unfavorable provision • Address potentially damaging provisions • Understand the potential economic impact of indemnification provisions • Apply risk management to address indemnification provisions The Government Subcontractor's Guide to Terms and Conditions will guide you through the inevitable challenges of the negotiation process. Put this updated resource to work in your organization today!
Every year the US federal government will spend roughly 100 billion dollars through competitive IDIQ (Indefinite Duration Indefinite Quantity) contracts. When you add in contracts awarded by State governments and commercial organizations using very similar processes you’re looking at 700 billion dollars’ worth of business. Getting a slice of that pie depends on how well you manage the contracting project. This is because IDIQs are essentially empty contract structures which then require a second round of winning task orders. For contracts with the government, this two-step structure which is specified in law and regulation, has specific pitfalls and opportunities which are rarely the subject of contract and project management training. Salesky’s coaching style talks you through the specific challenges in the startup, management, and closing of the IDIQ. This book gives a pragmatic and best-practice description of the entire life cycle of this type of contract offering you the “inside advisor” you need to help you through the pragmatics issues of clients’, performers’, and bosses’ expectations.
