[Code of Federal Regulations] [Title 48, Volume 7] [Revised as of October 1, 2005] From the U.S. Government Printing Office via GPO Access [CITE: 48CFR3011.501] [Page 75] TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM CHAPTER 30--DEPARTMENT OF HOMELAND SECURITY, HOMELAND SECURITY ACQUISITION REGULATION (HSAR) PART 3011_DESCRIBING AGENCY NEEDS--Table of Contents Subpart 3011.5_Liquidated Damages Sec. 3011.501 Policy. (d) The HCA may reduce or waive the amount of liquidated damages assessed under a contract, if the Commissioner, Financial Management Service, or designee approves.