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IACCM Contract Management Forum

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Hitachi ABB Power Grids
2020-02-27 23:57:03

Corona Virus

If anyone has encountered the same discussion - any ideas how to qualify and cover corona-virus and such nature of potential disruptions in the contract? What approximate statement and references are recommended?
 
 •  World Commerce & Contracting  •   2020-02-28 14:56:01
Hi Marina, thank you for your question and of course this is a critical issue for many of us right now. You may be interested to see Tim's Blog on this very point from earlier this week:

commitmentmatters.com/2020/02/18/coronavirus-and-force-majeure/

We have also launched a survey today which has already generated hundreds of responses and we will be putting out a report on the results early next week so please watch out for that.

I hope this helps and please do let us know if you have further specific questions.
 
 
 •  Cadent Gas Ltd  •   2020-02-29 09:14:13
There are multiple ways to be honest, including Force Majeure clauses and Business Continuity obligations on the supplier which are regularly tested.
 
 
 •  Vaisala Inc.  •   2020-04-03 21:15:33
We have recently added a statement to all quotes to customers with regard to COVID19, namely that it is now a 'known' event and given that the environment is ever-changing that status of your order may change, including for example the time from submission of order to delivery/performance. We will use all commercially reasonable efforts to notify you as soon as possible of any change. So perhaps something along those lines? Our sales and executive teams seem pleased that we are addressing it directly.
 
 
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