Question 40: If a subcontractor accepts an indemnification clause which provides

Question

Question 40: If a subcontractor accepts an indemnification clause which provides that he is liable to the prime contractor for any reduction in the prime contract price arising out of defective data which he furnishes, the clause should contain provisions which:

(a) Provide the subcontractor with a method of appeal (b) Disclaim any liability on the part of the subcontractor (c) Make the subcontractor who ultimately receives the contract liable (d) Provide for payment directly to the Government

Question 64:When the contractor submits a termination inventory schedule, the most important factor which must be represented correctly is:

(a)Quantity of items (b)Allocability (c)The acquisition cost of the items (d)An accurate description of the items

Explanation / Answer

Solution for question 40

A provision in a contract under which one party (or both parties) commit to compensate the other (or each other) for any harm, liability, or loss arising out of the contract.

So, if a subcontractor accepts an indemnification clause which provides that he is liable to the prime contractor for any reduction in the prime contract price arising out of defective data which he furnishes, the clause should contain provisions which “Disclaim any liability on the part of the subcontractor”

Hence, option (B) is correct answer.

Solution for question 64

When the contractor submits a termination inventory schedule, the most important factor is to represent “acquisition cost of the items”

Hence, option (C) is correct answer.

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