Opportunity
Simpler Grants.gov #FOA-ALL
DOE Notice: Sequestration Impacts to Contracts and Financial Assistance
Buyer
DOE Offices
Posted
March 04, 2013
Identifier
FOA-ALL
The Department of Energy (DOE) Headquarters has issued a notice about the effects of sequestration budget cuts on its contracts and financial assistance agreements. - Government Buyer: - Department of Energy (DOE) Headquarters - No OEMs or vendors are specified in this notice - No specific products, services, part numbers, or quantities are listed - Key points regarding sequestration impacts: - Approximately $85 billion in federal budgetary resources will be canceled for the remainder of the fiscal year - DOE may take actions such as: - Not exercising contract options - Negotiating lower prices - Suspending or reducing the scope of work - Terminating contracts and assistance agreements - Affected contractors and recipients will be contacted directly by DOE Contracting Officers - No unique technical or product requirements are specified
Description
This notice from the Department of Energy informs contractors and financial assistance recipients about the impact of sequestration budget cuts mandated by law. It explains that approximately $85 billion in budgetary resources across the federal government will be canceled for the remainder of the fiscal year. The Department may take actions such as not exercising contract options, negotiating lower prices, suspending work, or reducing the scope of contracts and financial assistance agreements. Affected parties will be contacted by the appropriate Contracting Officer with further details.