[Code of Federal Regulations]

[Title 48, Volume 1]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR4.804-4]



[Page 76-77]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 4_ADMINISTRATIVE MATTERS--Table of Contents

 

                  Subpart 4.8_Government Contract Files

 

Sec. 4.804-4  Physically completed contracts.



    (a) Except as provided in paragraph (b) below, a contract is 

considered to be physically completed when--

    (1)(i) The contractor has completed the required deliveries and the 

Government has inspected and accepted the supplies;



[[Page 77]]



    (ii) The contractor has performed all services and the Government 

has accepted these services; and

    (iii) All option provisions, if any, have expired; or

    (2) The Government has given the contractor a notice of complete 

contract termination.

    (b) Facilities contracts and rental, use, and storage agreements are 

considered to be physically completed when--

    (1) The Government has given the contractor a notice of complete 

contract termination; or

    (2) The contract period has expired.