Additive manufacturing (AM), also popularly known as 3-D printing, is revolutionising the global manufacturing landscape. The proliferation of AM technology has had a huge impact on the design and production capability of the manufacturing industry. At the same time, the technology to mimic and print real parts has huge implications for a country’s defence capability and security.
Fallibility of the Fall Clause
While the purpose of the Fall Clause, a price safety mechanism in rate contracts, is indubitable, some issues concerning its applicability and implications, both for the buyer and the seller, merit a review.