[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR49]

[Page 908]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 49_TERMINATION OF CONTRACTS--Table of Contents
 
                     Subpart 49.1_General Principles
 
Sec.  49.103  Methods of settlement.

    Settlement of terminated cost-reimbursement contracts and fixed-
price contracts terminated for convenience may be effected by (a) 
negotiated agreement, (b) determination by the TCO, (c) costing-out 
under vouchers using SF 1034, Public Voucher for Purchases and Services 
Other Than Personal, for cost-reimbursement contracts (as prescribed in 
subpart 49.3), or (d) a combination of these methods. When possible, the 
TCO should negotiate a fair and prompt settlement with the contractor. 
The TCO shall settle a settlement proposal by determination only when it 
cannot be settled by agreement.