48 C.F.R. § 49.103
49.103 Methods of settlement.
Settlement of terminated cost-reimbursement contracts and fixed-price contracts terminated for convenience may be effected by (a) negotiated agreement, (b) determination by the TCO, (c) costing-out under vouchers using SF 1034, Public Voucher for Purchases and Services Other Than Personal, for cost-reimbursement contracts (as prescribed in subpart 49.3), or (d) a combination of these methods. When possible, the TCO should negotiate a fair and prompt settlement with the contractor. The TCO shall settle a settlement proposal by determination only when it cannot be settled by agreement.
Notes of Decisions
Cited in 2
cases, 1999–2018 · leading case: Morrison Knudsen Corp. v. Fireman's Fund Ins., 175 F.3d 1221 (10th Cir. 1999).
Morrison Knudsen Corp. v. Fireman's Fund Ins., 175 F.3d 1221 (10th Cir. 1999). “See 48 C.F.R. § 49.103 . The FAR contains not only standard termination clauses for federal contracts, but principles to govern terminations.”
Rma Eng'g S.A.R.L v. United States (Fed. Cl. 2018). “See 48 C.F.R. §§ 49.103 (“Settlement of terminated cost-reimbursement contracts and fixed-price contracts terminated for convenience may be effected by (a) negotiated agreement[.”
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