FFP Spare parts markings & FFP 90 day grace period
Started by jeff4757 · Feb 26, 2015 · 3 replies
- jOriginal post
jeff4757
Feb 26, 2015 · 11y ago
Folks-
Are you aware of any clause in the FAR that waives specific markings (IUID tags) for any items under $5k??
Also, our firm has a number of large dollar FFP contracts (PO's) that are significantly late and well beyond the original delivery f/c in the PO. It being FFP, isn't all the risk with our firm and the longer it takes to deliver, the less margin we receive? The customer has a right to cancel but is there any "90-day grace period" that forces the customer not to terminate for default?
I appreciate any feedback you can provide.
Thank you!
- J
Jacques
Feb 27, 2015 · 11y ago
As to your IUID question, I don't know of anything in the FAR. The $5,000 figure does appear in DFARS 211.274-2 as well as DFARS 211.274-6(a)(2) in instructing contracting officers on how to complete para ©(1)(ii) of the clause at 252.211-7003. As I read the DFARS, there may be circumstances where an item below $5,000 is subject to marking (serially managed, mission essential, controlled inventory). I don't have anything to share on your late deliveries question, as that issue can be very fact- and contract-specific.
- R
Retreadfed
Feb 27, 2015 · 11y ago
Jpayne, you mentioned that you have POs on which delivery is late. Did those orders state how acceptance would be evidenced so that you have a contract? Frequently, acceptance is evidenced by performance. If that is the case for you and performance has not been accomplished so that acceptance has occurred, you do not have a contract.
- j
jeff4757
Feb 27, 2015 · 11y ago
Thank you to you both!