Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Force Majeure”

  • Force Majeure

    Unexpected or uncontrollable events, including those caused by nature that can impact the contracts price, terms and conditions. These events are not due to contractor negligence and may excuse contractor performance during the events and under certain conditions caused by them. Acts of God or disruptive conditions for which a contractor or carrier will not be held responsible.