Recommendations for Usage, Commercial Contracts, and Cost Recovery in Government Contracts

This book will be of interest to those in the field of contract management in the United States government, the private sector, and internationally. This book is relevant to scholars and academics as well as both American and international policymakers, those working in the field of contract management, and those seeking to join the field of contract management. It will be useful for people interested in contracting with the United States government and in designing and implementing acquisitions and or contract management policy both in the United States of America and internationally. Lastly, it will be useful for people in a wide variety of industries, countries, and regions internationally and in the United States of America already contracting with the United States government or interested in contracting with the United States government in understanding how to terminate commercial contracts for convenience using United States of America procurement regulations. A concise overview of the recommendations for usage of termination for convenience provisions, commercial government contracts, and cost recovery in commercial item contracts. Topics discussed include the Federal Acquisition Regulations System (FAR) as promogulated by the United States Congress, the Financial Accounting Standards Board, and the A201 commercial contracting standard as promogulated by the American Institute of Architects. Applicability of termination for convenience in commercial government contracts to sole source acquisitions and intelligence community acquisitions are also discussed. Net present value clauses, cash flow, and United States Generally Accepted Accounting Principles (GAAP) are also discussed within the context of United States government contracts terminated for convenience. Purpose, design/methodology/approach, findings, and originality/value are also discussed as it relates to both recommendations for the usage of termination clauses in commercial government contracts terminated for convenience and as it relates to cost recovery in commercial government contracts terminated for convenience using United States of America procurement regulations.