[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 936-937]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 1--FEDERAL ACQUISITION REGULATION

 

PART 49_TERMINATION OF CONTRACTS--Table of Contents

 

Subpart 49.2_Additional Principles for Fixed-Price Contracts Terminated 

                             for Convenience

 

49.205  Completed end items.



    (a) Promptly after the effective date of termination, the TCO shall 

(1) have all undelivered completed end items inspected and accepted if 

they comply with the contract requirements, and (2) determine which 

accepted end items are to be delivered under the contract. The 

contractor shall invoice accepted and delivered end items at the 

contract price in the usual manner and shall not include them in the 

settlement proposal. When completed end items,



[[Page 937]]



though accepted, are not to be delivered under the contract, the 

contractor shall include them in the settlement proposal at the contract 

price, adjusted for any saving of freight or other charges, together 

with any credits for their purchase, retention, or sale.

    (b) Work in place accepted by the Government under a construction 

contract is not considered a completed item even though that work may 

have been paid for at unit prices specified in the contract.