[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 938]

 

            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

 

49.206-3  Submission of inventory disposal schedules.



    Subject to the terms of the termination clause, and whenever 

termination inventory is involved, the contractor shall submit complete 

inventory disposal schedules to the TCO reflecting inventory that is 

allocable to the terminated portion of the contract. The inventory 

disposal schedules shall be submitted within 120 days from the effective 

date of termination unless otherwise extended by the TCO based on a 

written justification to support the extension. The inventory schedules 

shall be prepared on Standard Form 1428, Inventory Disposal Schedule.



[69 FR 17748, Apr. 5, 2004]