First, they give the Government the right to audit certain subcontracts
. Therefore, the FAR clause is a mandatory flow down clause.
With the background and skills necessary to persuade others, and with sufficient room to negotiate subcontract
terms different from the original bid package, your negotiator can stand up for your company in negotiations and achieve a better subcontract
* CAS coverage automatically flows down to a subcontract
In reviewing the language of the subcontract
, the court explained that "[o]f significance is the incorporation of the standard AIA General Conditions," particularly Article 1.1.2, "into both the general contract and the subcontract
." That language, the court found, created a "strong indication of an intent" on both the part of the general contractor and the sub "to maintain the separate owner-general contractor and general contractor-subcontractor relationships."
What better way of doing this than to obtain your top customer's approval of your subcontract
management and subcontracting processes and practices?
On February 13, 1991, GEC & K submitted a termination claim of $1.4 million of the fixed subcontract
price of $3.4 million, and sought an additional $2.5 million in STE fabrication costs.
Last year's $25 million drop (from 2.9% to 2.7%) in SDB subcontract
awards from the major corporate contractors clearly provides fuel for this concern.
"Providing interested small businesses with adequate and timely information about the plans, specifications, and requirements for performance of the prime contract to assist them in submitting a timely offer for the subcontract
"The (proposed) rule sends the message that whether small businesses received subcontract
dollars is irrelevant, so long as those businesses have an opportunity to compete," WIPP said.
'We are pleased to inform our esteemed shareholders and investors that Petrofac-Samsung JV has awarded, on October 4, to Galfar a subcontract
for execution of EPC buildings works of package 1 and 3 of the main contract of EPC package 2 - utilities and off-sites of the Duqm Refinery project', Galfar said in a disclosure to the Muscat Securities Market on Wednesday.
The Main Contractor entered into a subcontract
Agreement") with a MEP subcontractor ("Subcontractor") with a total amount of AED 60 million.
The teaming agreement said CGI "will receive" a 45 percent workshare of the awarded total contract value, but the "commitment may not be exactly 45 percent each year." It required the parties to enter into "good faith negotiations" for a subcontract
after prime contract award.