Federal Procurement Liability Reform Act of 1987

[AI summary unavailable — showing source text] Federal Procurement Liability Reform Act of 1987 - Requires the United States to hold harmless and indemnify a contractor against any liability (for damages arising from personal injury, illness, or death or from damage to, or loss of use of, property) resulting from goods or services supplied pursuant to a Government contract to the extent such liability exceeds the amount of commercial insurance or qualified self-insurance protection the contractor is required to carry under the contract. Prohibits such indemnification of a contractor: (1) if the goods or services supplied under the contract are also sold by the contractor to nongovernmental purchasers for similar application or for nongovernmental use; and (2) for liability caused by the gross negligence, intentional misconduct, or lack of good faith of the director, officer, or managing official of the contractor. Requires a contractor to secure and maintain commercial insurance or self-insurance of such type and in such amounts as: (1) agreed upon with the United States at the time of contracting; or (2) is reasonable under the circumstances, in the absence of an agreement. Requires a contractor to notify the United States wit…