Description
When the government terminates a contract for convenience, it can leave contractors facing significant financial and operational setbacks. To mitigate these impacts, businesses must act quickly to prepare a thorough termination settlement proposal—one that captures incurred costs, outstanding commitments, and lost profits on completed work.
This course offers practical guidance on navigating the termination settlement process. Course participants will learn how to identify and support allowable costs, build a detailed and defensible proposal, and implement strategies that maximize recovery during negotiations.
Whether you’re new to contract terminations or looking to strengthen your current process, this session will help you approach settlement proposals with clarity and confidence.
Learning Objectives:
- Identify and assess recoverable costs under a termination for convenience
- Understand the key components of a comprehensive settlement proposal
- Learn techniques for maximizing financial recovery
- Explore effective negotiation methods for settling termination claims
Target Audience: small business owners, companies facing potential contract terminations, APEX Accelerator counselors
Meet Your Instructor:
JACOB BARCLAY, Barclay Group LLC
Jacob Barclay, CEO of Barclay Group LLC, is an expert lecturer on the topics of accounting and compliance matters for federal government contracting. His experience guiding small to mid-size government contractors over the past 15+ years has resulted in a proven track record of mitigating risks, increasing cost recovery, and driving lucrative profits. Barclay Group was founded over 6 years ago and has successfully helped and coached over 100 clients in the government contracting industry. Jacob is a forward-thinking leader who empowers his team by leveraging their strengths and staying at the forefront of innovative accounting solutions.
Barclay Group leverages its outsourced CFO, contract management, client accounting service, and DCAA/DCMA compliance expertise to help guide clients growth. In a world of unlimited data, Jacob prides his ability to unpack the financial data to manage government contracts wtih confidence.
Jacob enjoys giving back to the local community by serving as a board member on the Tidewater Association of Service Contractors (tasc-tgic.org) where their mission is to increase communication and collaboration between the government and industry contractors to help promote a better acquisition process.
Leslie Converse (verified owner) –
Before this webinar, I didn’t understand the TSP at all. After attending, I feel confident that I could navigate a TSP if needed.
Kalpana Ramakrishnan (verified owner) –
This training was perfectly timed (unfortunately). Thank you, Jacob. You provided meaningful insight on how to generate a win-win solution for both the contractors and government. Jacob is knowledgeable about what can and should be in included in the the TSPs. Definitely recommend.