Terminating Government Contracts
Assignment 5: Terminating Government Contracts
According to the Congressional Budget Office, Civilian agencies obligated over $435 billion in fiscal year 2012 for services–80 percent of total civilian spending on contracts. Service acquisitions have suffered from termination of contracts. Imagine that you are a contracts officer for the Internal Revenue Services (IRS), and that your supervisor has tasked you with the procurement of a new software system for processing tax returns.