ii) a provision stating that a party cannot suspend performance if another party to the contract
fails to make prompt payments, is void.
The first best value stevedoring contract
was for Beaumont and Port Arthur.
Although this recommendation is generally considered to be so obvious that it almost isn't worth mentioning, based on my experience in reviewing contracts
, quite often the parties do forget to include some key provisions, such as the conditions for renewal, extra bonuses or costs for additional services and even the specific services or goods to be delivered under the contract
Exhibit 50: Africa/Middle East Contract
Awards, Q1 10 - Q4 10 55
The focus on awarding more fixed-price contracts
resulted in cost-plus contracts
going from the most common contract
type to less than 5 percent of Air Force procurement dollars by 1966, according to G.
This ruling concluded that: (1) F realized capital gain based on the difference between F's basis in the property and the annuity's PV; (2) this gain was reported ratably over F's life expectancy; (3) the investment in the contract
to compute the exclusion ratio was F's basis in the property transferred; (4) the excess of the property's FMV over the annuity's PV was a gift from F to S; and (5) the prorated capital gain reported annually was derived from the taxable portion of each payment.
Arum said that if Pacquiao and Golden Boy do not take steps to void the contract
, he could resort to legal action.
This rule, called the "binding contract
" rule, offers assurance that the COI requirement will be met, by allowing taxpayers to measure for COI as of the day immediately preceding the day the binding contract
is executed, rather than measuring immediately before the transaction closes.
NTSP then used the poll responses to establish its minimum contract
prices and reported these minimum fees back to participating physicians.
doesn't ever say 'this is a finite reinsurance agreement' on the front page.
The Office of Federal Procurement Policy (OFPP) identified a number of contract
administration concerns in A Guide to Best Practices for Contract
Administration by stating, "The technical administration of government contracts
is an essential activity.
Although it may seem obvious, the parties to a BPO contract
need to perform thorough due diligence on each other and describe in extensive detail the services to be performed by the service provider, together with the customer's role and responsibilities.
IF A CONTRACT
IS SILENT ON RENEWAL POSSIBILITIES, CPAs should consider the company's history on this or similar contracts
When you see these words in a contract
between your organization and another, a "red flag" should be raised mentally, because these are the words of contractual risk transfer.
The Parts and Repair Ordering System (PROS II) is a government contract
that is recognized by DoD as the government's source of supply for non-standard parts.