Sequestration Information

The Department of Energy is providing information to its contractors and financial assistance recipients regarding the impact of sequestration on their contracts and agreements. The Department may need to take actions such as not exercising options, negotiating lower prices, or terminating contracts to comply with budget cuts. Contractors and recipients will be contacted by the appropriate Contracting Officer if their contract or agreement is affected. Key aspects of the notice include: * The Department's efforts to mitigate the effects of sequestration * Potential actions to be taken with regard to contracts and assistance agreements * The possibility of contract terminations or reductions in scope of work * The need for contractors and recipients to cooperate with the Department in managing the impact of sequestration