article thumbnail

Pakistani Energy Sector Parties Challenge Arbitration Awards in the English High Court on the Grounds of ‘Serious Irregularity’

Kluwer Arbitration

To support its challenge, QATPL primarily relied on two precedents: The Vimeira [1984] 2 Lloyd’s Rep 66 and Ascot Commodities NV v Olam International Ltd [2002] CLC 277. These are important considerations for contracting parties negotiating the seat of arbitration in any contract.

article thumbnail

Government Contracts Cost and Pricing: Introduction to the Federal Acquisition Regulation Cost Principles (Part 1)

Government Contracts & Investigations

The Cost Principles also apply to the determination, negotiation, and allowance of costs whenever required by a contract clause. [6] Documenting the negotiation process and rationale are critical for such transactions. 2002); see also Stanford Univ. Limitations in FAR Subpart 31.2 19] KBR Servs., 57530, 19-1 BCA ¶ 37,205. [20]

Price 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How I got into SCM without even knowing it

Naomi Clews Consultancy

My aim was to negotiate a better deal than my competitors (Woolworths, WH Smiths, Tower Records, Virgin and independent record retailers) on the Top 40 Singles Chart new releases and to have the most stock of the most popular singles each week.

article thumbnail

CBAr 22nd International Arbitration Conference: Business Contracts and Party Autonomy in Times of Instability and Uncertainty

Kluwer Arbitration

A discussion between economist Gustavo Franco (former President of the Brazilian Central Bank) and arbitrator Maurício Almeida Prado (MAP Negotiation and Arbitration, Partner) ensued, dealing with “Business Contracts and Dispute Resolution in Times of Instability,” particularly in the Brazilian context. Westinghouse (1984) and Gasum v.

article thumbnail

Material Escalation: A Difficult Road to Recover Costs

LexBlog: Contracts & Procurement

2002), the court declined to excuse the contractor’s performance under a force majeure clause where a slump in the timber market made the contract unprofitable. ” To obtain an adjustment, the net change in rate of pay for labor or materials must be at least 3% of then-current total contract price. .” United States , 308 F.3d

Price 40
article thumbnail

Government Contracts Issues for a Recession

Procurement Notes

Additionally, generally, the reasonable costs of preparing, submitting, and negotiating an REA are contract administration costs, and consequently are also recoverable. Alternatively, it can give the contractor an opportunity to negotiate a termination-for-convenience or no-cost termination. 122] See P.R. Burke Corp. 12, § 12-801 (Nov.

article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

For contracts being developed or negotiated during this period of unusually high inflation, an EPA clause may be an appropriate tool to equitably balance the risk of inflation between the Government and contractor. 91, 94 (2002) (price increase is not an out-of-scope mod. See, e.g., CESC Plaza Ltd. United States , 52 Fed.