[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

 

49.109-4  No-cost settlement.



    The TCO shall execute a no-cost settlement agreement (see 49.603-6 

or 49.603-7, as applicable) if (a) the contractor has not incurred costs 

for the terminated portion of the contract or (b) the contractor is 

willing to waive the costs incurred and (c) no amounts are due the 

Government under the contract.