48 C.F.R. PART 949—TERMINATION OF CONTRACTS
Title 48 - Federal Acquisition Regulations System
Authority: 42 U.S.C. 7254; 40 U.S.C. 486(c).
Source: 49 FR 12038, Mar. 28, 1984, unless otherwise noted.
The Procurement Executive shall be notified prior to taking any action to terminate (a) contracts for the operation of Government-owned facilities, (b) any prime contract or subcontract in excess of $10 million, and (c) any contract the termination of which is likely to provoke unusual interest. Any evidence of fraud or other criminal conduct in connection with the settlement of a contract termination shall be reported in accordance with 909.406. (a) The Heads of Contracting Activities shall establish settlement review boards for the review of each termination settlement or determination of amount due under the termination clause of a contract or approval or ratification of a subcontract settlement when the action involves $50,000 or more. (b) Settlement review boards may be established for actions below $50,000 when considered desirable by the Head of the Contracting Activity or when specifically requested by the contracting officer. (c) Proposed settlement agreements or determinations in excess of contractual authority of the Heads of Contracting Activities will be transmitted to the Procurement Executive for review and approval. (d) Contracting officers shall not conclude proposed settlement or determinations until the approvals required by this subsection have been obtained. [49 FR 12038, Mar. 28, 1984, as amended at 59 FR 9108, Feb. 25, 1994] The standard clauses set forth in FAR Subpart 49.5 are applicable as prescribed subject to the cost principles referenced in the various termination articles shall be in accordance with part 931. [49 FR 12038, Mar. 28, 1984, as amended at 59 FR 9108, Feb. 25, 1994] (f) The clause at 952.249–70 is suggested for use in cost-plus-fixed-fee Architect-Engineer contracts.
Title 48: Federal Acquisition Regulations System
PART 949—TERMINATION OF CONTRACTS
Section Contents
949.101 Authorities and responsibilities.
949.106 Fraud or other criminal conduct.
949.111 Review of proposed settlements.
949.501 General.
949.505 Other termination clauses.
Subpart 949.1—General Principles
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949.101 Authorities and responsibilities.
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949.106 Fraud or other criminal conduct.
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949.111 Review of proposed settlements.
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Subpart 949.5—Contract Termination Clauses
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949.501 General.
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949.505 Other termination clauses.
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