Public Spend Forum (PSF) is a public sector procurement global community and market intelligence platform dedicated to improving public procurement and the public sector market. On its website you will find articles, podcasts, opinion pieces, discussion trails and news stories. GovShop is its platform for finding and connecting suppliers with the public sector market.
What is Force Majeure and the difference between the clause in a commercial versus a government contract?
Public Spend Forum recently brought together legal experts from some of the leading government contracts firms to discuss how companies should be protecting themselves in the current environment. As companies are trying to interpret force majeure clauses within their commercial contracts, they discussed “What are the rights and responsibilities of companies in this current atmosphere, under their government contract terms?”
- What are the differences between a typical force majeure clause in a commercial transaction and similar provisions in a government contract?
- What actions vendors should be taking to protect themselves in the current environment?
- Can companies be excused from their government contracts?
- Can companies insure against these types of events and is such insurance an allowable cost in the public arena?
- If companies act preemptively and self-cancel performance, what issues does that cause?
- If it comes down to litigation, how can companies best protect their interests?
PSF Suspending All In-Person Events But Will Host Virtual Events As Applicable
Public Spend Forum is suspending all in-person workshops and events until such time as deemed appropriate by experts and offering free, virtual workshops in place of those events. Tune into PSF for future messages.
How to Complete Your Market Research Report in Minutes
Online Webinar - Thurs, 02 Apr 2020 | 02:00 p.m.-03:00 p.m. EDT
And in other news ...
UK Government changes procurement policy in response to Covid-19
London reconfigures hospitals for Covid-19
Cyber security - growing threats mean growing demand
27 EU transport ministers say no compensation for flight cancellations caused by border closures
CIPS CEO Malcolm Harrison says this is a golden time for procurement in the public sector
Review of UK defence industry launched by government
Joint EU procurement scheme to secure ventilators
Ofsted brand 1,000 UK civil service apprenticeship programme with KPMG as ‘inadequate’
NATO's budget: How the pandemic could slash military spending
Discuss this: