Discussion 2 Week 10 Contract Termination Liability Risk Assignment

Discussion 2 Week 10 Contract Termination financial obligation Risk - Assignment Examplessionals on adequately addressing emf last risks on their contracts, and on how potential termination costs would be funded in the event of a termination (GAO, 2011, p. 11). The recommendations are consistent with the findings which allegedly travail potential termination practices. As emphasized, NASA does non observe consistency in application of circumstantial and specific instructions for the implementation of FAR clauses. As such, the contractors assume diverse interpretations of reported risks and financial responsibilities related to potential termination liability, which may be due in part to NASAs inconsistent practices (GAO, 2011, p. 10). As such, the recommendation requiring NASA professionals to monitor potential termination costs would only be successful if and when the root cause of the dispute and inconsistency in practices is addressed. Thus, first and foremost, NASA should b e able to design structured and consistent policies and practices concerning termination liability funding to avoid problems ensuing from contract termination in the future.One alternative to reward consistency in contract termination practices is to enforce review and monitoring of long term political sympathies projects and contracts within a definite time frame, say, every three years. Any need for changes, adjustments, and updates which are not within the original scope of the contract should be identified within that stage of progress. As such, as early as possible, when termination costs are not yet significant, the government and contracting parties should already set the stage for appropriate action (either termination or proceed with the contract) within a maximum ceiling (costs) stipulated. The changes and conditions should be subject to the regulations set in terminations for default and convenience (OConnor,