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What basic information should the COR know about the contract in order to adequately monitor contractor performance?

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3y ago

A, invoicing requirements

B, Deliverables

C, Contract type

D, Inspection and acceptance procedures

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Q: What basic information should the COR know about the contract in order to adequately monitor contractor performance?
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What information should the COR know about the contract in order to adequately monitor contractor performance?

What basic information should the COR know about the contract in order to adequately monitor contractor performance? All


What is Performance Bond?

Performance bonds are issued from a contractor to a larger contractor, municipality, or developer as a means of guaranteeing that the work under the scope of the contract will be adequately and timely completed by the contractor who is bonded. It can be difficult to get performance bonds especially if you have poor credit history or are doing a project outside your normal scope of work. It is a good idea to work on getting performance bonds 2-3 months before you need them in place. I added a link with some additional info.


What contract puts the full performance risk on the contractor?

Cost Reimbursement.


What does the contractor use to ensure performance in accordance with the contract?

Quality Control Plan


What does the contractor used to ensure performance in accordance with the contract?

Quality Control Plan


What is a payment bond and a Performance bond?

Performance bonds protect the obligee (obligee is the entity requiring the bond)Requiring a performance and payment bond will insure that the project will be completedIf the principal defaults in its performance set forth in the contract to the obligee and the contractor is unable to successfully perform the job, the surety assumes the contractor's responsibilities and ensures that the project is completed. Below are the four types of contract bonds that may be required1. Bid Bond which guarantees that the bidder on a contract will pierce into the contract and equip the mandatory payment along with performance bonds. 2. Payment Bond which guarantees payment from the contractor of money to persons who furnish labor, materials equipment and also supplies for use in the performance of the contract. 3. Performance Bond which warranties that the contractor will hold out the contract in pact with its terms. 4. Ancillary Bonds which are auxiliary as well as crucial to the performance of the contract. Source http://www.integritybonds.com


What type of law company is required to draft a contractor contract?

Information about what is needed to draft a contractor contract can be found on Legal Zoom. Other websites that include this information include IRS and WiseGeek.


What remedies does a contracting officer have at his or her disposal for a contractor's poor performance?

 Bring the particular deficiency to the attention of the contractor by letter or through a meeting and obtain a commitment for appropriate corrective action.   Bring the particular deficiency to the attention of the contractor by letter or through a meeting and obtain a commitment for appropriate corrective action.  Extend the contract schedule if excusable delays in performance are involved (such as combat situations or extreme weather conditions).  Withhold contract payments if the contractor fails to comply with delivery or reporting provisions of the contract.  Terminate the contract for cause or default. Extend the contract schedule if excusable delays in performance are involved s combat situations or extreme weather conditions).  Withhold contract payments if the contractor fails to comply with delivery or reporting provisions of the contract.  Terminate the contract for cause or default.


When the contractor is delinquent on contract performance the two types of delinquency notices sent by the Contracting Officer are?

cure and default


What are remedies that the Contracting Officer has at his-her disposal for a contractor's poor performance?

The Contracting Officer can issue cure notices requiring the contractor to correct the poor performance, withhold payments, terminate the contract for default, or implement liquidated damages clauses. They may also seek to replace the contractor or deduct costs from payments.


How do you make a contract?

hire a contractor hire a contractor


What violation is entering into an unauthorized contract and or providing insider information to a contractor is?

Joint ethics regulation violations