[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 932]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 49_TERMINATION OF CONTRACTS--Table of Contents

 

                     Subpart 49.1_General Principles

 

49.110  Settlement negotiation memorandum.



    (a) The TCO shall, at the conclusion of negotiations, prepare a 

settlement negotiation memorandum describing the principal elements of 

the settlement for inclusion in the termination case file and for use by 

reviewing authorities. Pricing aspects of the settlement shall be 

documented in accordance with 15.406-3. The memorandum shall be 

distributed in accordance with 15.406-3.

    (b) If the settlement was negotiated on the basis of individual 

items, the TCO shall specify the factors considered for each item. If 

the settlement was negotiated on an overall lump-sum basis, the TCO need 

not evaluate each item or group of items individually, but shall support 

the total amount of the recommended settlement in reasonable detail. The 

memorandum shall include explanations of matters involving differences 

and doubtful questions settled by agreement, and the factors considered. 

The TCO should include any other matters that will assist reviewing 

authorities in understanding the basis for the settlement.



[48 FR 42447, Sept. 19, 1983, as amended at 56 FR 67135, Dec. 27, 1991; 

62 FR 51271, Sept. 30, 1997]