Plunder Scenario 6
You have a term contract for elevator maintenance. From the beginning, the partnership has been a challenge. Your entity is consistently late paying invoices and the contractor's performance is lackluster and creating conditions for avoidable repairs. How do you handle this?
AP Response:
Both the contractor and our entity failed to fully meet the terms of the agreement, resulting in mutual breaches of the contract. In light of this, we informed the contractor that the contract would not be renewed and proceeded to issue a new solicitation. Additionally, we revised the specifications to address the performance issues and challenges encountered during the previous contract term.