[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: 48CFR49]



[Page 923-924]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 49_TERMINATION OF CONTRACTS--Table of Contents

 

                     Subpart 49.1_General Principles

 

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



[[Page 924]]



only when it cannot be settled by agreement.