New Delhi, May 4 -- The Ministry of Finance has declared the ongoing West Asia situation as a Force Majeure (FM) event for government procurement contracts, allowing relief for contractors and suppliers affected by disruptions linked to the conflict.
In a notification, the Department of Expenditure said the prevailing situation in West Asia should be treated as war under existing FM provisions outlined in government procurement manuals for goods, consultancy services, non-consultancy services, and works contracts.
Contract Deadlines Extended Without Penalties
The ministry said procuring entities may invoke FM clause in cases where disruptions arising from the West Asia situation have directly or indirectly impacted contractual obliga...