[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 930]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 49_TERMINATION OF CONTRACTS--Table of Contents

 

                     Subpart 49.1_General Principles

 

49.109-1  General.



    When a termination settlement has been negotiated and all required 

reviews have been obtained, the contractor and the TCO shall execute a 

settlement agreement on Standard Form 30 (Amendment of Solicitation/

Modification of Contract) (see 49.603). The settlement shall cover (a) 

any setoffs that the Government has against the contractor that may be 

applied against the terminated contract and (b) all settlement proposals 

of subcontractors, except proposals that are specifically excepted from 

the agreement and reserved for separate settlement.