Contractors Get Rude Awakening On Blanket Purchase Deals

Law360, New York (February 6, 2014, 8:25 PM EST) -- The Federal Circuit ruled Thursday that a contractor couldn't sue the U.S. Forest Service under the Tucker Act for canceling a blanket purchase agreement for fire-prevention equipment, and experts say the decision should be a wakeup call for contractors that have routinely treated BPAs as though they were binding contracts.

Crewzers Fire Crew Transport Inc. had accused the Forest Service of wrongfully ending a blanket purchase agreement in which Crewzers and other companies prenegotiated deals to sell last-minute equipment in support of firefighting emergencies, after disputes...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.