Regarding federal government contracting

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Reference no: EM132253524

Regarding Federal Government Contracting:

1. True or False:

Under a cost type contract, the Government must reimburse the contractor for liabilities which arise out of the performance of the contract.

2. True or False:

The use of a government contract as collateral for bank loans was made possible by the enactment of the Assignment if Claims Act.

3. True or False:

Both an “Indemnity” clause and an “Authorization” clause may not be included in the same contract.

4. True or False:

In order for a delay to be excusable it must be “equatable” to a disaster.

5. True or False:

Financing can be arranged for prior to the contract or after the contract is awarded.

Reference no: EM132253524

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