jeff4757 Posted February 26, 2015 Report Share Posted February 26, 2015 Folks- Are you aware of any clause in the FAR that waives specific markings (IUID tags) for any items under $5k?? Also, our firm has a number of large dollar FFP contracts (PO's) that are significantly late and well beyond the original delivery f/c in the PO. It being FFP, isn't all the risk with our firm and the longer it takes to deliver, the less margin we receive? The customer has a right to cancel but is there any "90-day grace period" that forces the customer not to terminate for default? I appreciate any feedback you can provide. Thank you! Link to comment Share on other sites More sharing options...
Jacques Posted February 27, 2015 Report Share Posted February 27, 2015 As to your IUID question, I don't know of anything in the FAR. The $5,000 figure does appear in DFARS 211.274-2 as well as DFARS 211.274-6(a)(2) in instructing contracting officers on how to complete para ©(1)(ii) of the clause at 252.211-7003. As I read the DFARS, there may be circumstances where an item below $5,000 is subject to marking (serially managed, mission essential, controlled inventory). I don't have anything to share on your late deliveries question, as that issue can be very fact- and contract-specific. Link to comment Share on other sites More sharing options...
Retreadfed Posted February 27, 2015 Report Share Posted February 27, 2015 Jpayne, you mentioned that you have POs on which delivery is late. Did those orders state how acceptance would be evidenced so that you have a contract? Frequently, acceptance is evidenced by performance. If that is the case for you and performance has not been accomplished so that acceptance has occurred, you do not have a contract. Link to comment Share on other sites More sharing options...
jeff4757 Posted February 27, 2015 Author Report Share Posted February 27, 2015 Thank you to you both! Link to comment Share on other sites More sharing options...
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