Contractor Delay - Liquidated Damages - Expiring Funds
Started by nc_contracting · Jan 11, 2023 · 1 replies
- nOriginal post
nc_contracting
Jan 11, 2023 · 3y ago
A construction task order was awarded with FY19 O&M dollars. The current contract completion date is in March 2024; however, the planned beneficial occupancy date (date we are anticipating the contractor to complete the work) is November 2024. Funds will close (expire) on 9/30/2024. The Government currently stands to assess over $5M in LDs. The Government is not seeking to terminate at this time, and the preferred course of action would be the contractor to complete the work.
I believe there was a previous topic regarding allowing a contractor to complete a contract, after funds have closed, through the assessment of the LDs. If anyone has had a similar situation, or knows where I can find an applicable post, I would be grateful for your thoughts and any information.
- V
Vern Edwards
Jan 12, 2023 · 3y ago
On 1/11/2023 at 7:17 AM, nc_contracting said:
Funds will close (expire) on 9/30/2024.
What do you mean by "expire"?
Do you mean funds that have not yet been obligated?