Level:
Intermediate
TCM Section(s):
0.0. General Reference
7.6. Risk Management
Venue: 2022 AACE International Conference & Expo
Abstract: A new administration took office on January 20, 2021. During the first afternoon in office the President issued a Proclamation On The Termination Of Emergency With Respect To The Southern Border Of The United States And Redirection Of Funds Diverted To Border Wall Construction. In this proclamation the President directed all “…”appropriate officials within their respective departments to pause work on each construction project on the southern border wall … as soon as possible but in no case later than seven days from the date of this proclamation…”The proclamation also directed all departments to produce plans to terminate or repurpose contracts then under construction. The government determined to terminate some, or all the border wall contracts under the Termination for Convenience clause included in each contract. This paper discusses Terminations for Convenience – what are they and what should owners and contractors do when a decision is made to terminate a construction project for convenience.
TCM Section(s):
0.0. General Reference
7.6. Risk Management
Venue: 2022 AACE International Conference & Expo
Abstract: A new administration took office on January 20, 2021. During the first afternoon in office the President issued a Proclamation On The Termination Of Emergency With Respect To The Southern Border Of The United States And Redirection Of Funds Diverted To Border Wall Construction. In this proclamation the President directed all “…”appropriate officials within their respective departments to pause work on each construction project on the southern border wall … as soon as possible but in no case later than seven days from the date of this proclamation…”The proclamation also directed all departments to produce plans to terminate or repurpose contracts then under construction. The government determined to terminate some, or all the border wall contracts under the Termination for Convenience clause included in each contract. This paper discusses Terminations for Convenience – what are they and what should owners and contractors do when a decision is made to terminate a construction project for convenience.