[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 921]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 49_TERMINATION OF CONTRACTS--Table of Contents
 
Subpart 49.2_Additional Principles for Fixed-Price Contracts Terminated 
                             for Convenience
 
Sec.  49.205  Completed end items.

    (a) Promptly after the effective date of termination, the TCO shall 
(1) have all undelivered completed end items inspected and accepted if 
they comply with the contract requirements, and (2) determine which 
accepted end items are to be delivered under the contract. The 
contractor shall invoice accepted and delivered end items at the 
contract price in the usual manner and shall not include them in the 
settlement proposal. When completed end items, though accepted, are not 
to be delivered under the contract, the contractor shall include them in 
the settlement proposal at the contract price, adjusted for any saving 
of freight or other charges, together with any credits for their 
purchase, retention, or sale.
    (b) Work in place accepted by the Government under a construction 
contract is not considered a completed item even though that work may 
have been paid for at unit prices specified in the contract.