When a contract is terminated, the Government will reimburse the prime contracto

Question

When a contract is terminated, the Government will reimburse the prime contractor for his settlements with fixed-price subcontracts on the basis of the: (a) Termination clause included in the subcontract (b) Amount paid the subcontractor (c) Termination clause included in the prime contract (d) None of the above When a contract is terminated, the Government will reimburse the prime contractor for his settlements with fixed-price subcontracts on the basis of the: (a) Termination clause included in the subcontract (b) Amount paid the subcontractor (c) Termination clause included in the prime contract (d) None of the above When a contract is terminated, the Government will reimburse the prime contractor for his settlements with fixed-price subcontracts on the basis of the: (a) Termination clause included in the subcontract (b) Amount paid the subcontractor (c) Termination clause included in the prime contract (d) None of the above

Explanation / Answer

Ans Option C

Subcontractors are settled on the basis of termination clause included in the prime contract

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