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Under which of the following circumstances should you reject a proposal to terminate a contract by mutual consent?

1) The client requested full or partial termination of the contract.2) The entrepreneur incurred few or no costs.3) The entrepreneur did not comply with the contract.4) The entrepreneur will not submit a requisition for settlement.5) The issue can be settled at no cost to the Crown.

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Question added by Tushar kulkarni , Head Of Purchase , SHANDONG BINANI RONGAN CEMENT CO. LTD
Date Posted: 2014/08/28
Lester Wang
by Lester Wang , Procurement Manager , Singapore Sports council

I will assess the impact to my business and at which stage is the contract now at (ie is it at the critical phase where I will not have time to source for alternatives?).

 

I will also find out the reason for the termination. If it is due to their inability to fulfill the contractual obligations (such as lead time, unable to meet certain specifications), we could discuss what is best to proceed without termination (assuming compromises can be made)

 

Termination should always be a last resort unless absolutely necessary.

Deleted user
by Deleted user

The client requested full or partial termination of the contract

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