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FAR and DFARS › DFARS Part 252: Solicitation Provisions and Contract Clauses › Subpart 252.2

DFARS 252.204-7022 Expediting Contract Closeout.

The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

In plain English

This clause lets the Government and contractor wrap up a contract faster by agreeing on the leftover money owed at closeout. Both sides waive any residual amount of $1,000 or less. It matters because it can end small outstanding balances without further payment action.

Applies to: Contracts that include DFARS clause 252.204-7022

What it requires

  • At the conclusion of FAR 4.804 closeout requirements, mutually agree on the residual dollar amount remaining on the contract
  • Waive payment of any residual dollar amount of $1,000 or less to which either party may be entitled at contract closeout

Key terms: residual dollar amount · contract closeout · offsets · waive payment

Written by AI from this section's text. A guide, not legal advice: the text below rules.

The text

As prescribed in 204.804-70, use the following clause:

Expediting Contract Closeout (MAY 2021)

(a) At the conclusion of all applicable closeout requirements of Federal Acquisition Regulation 4.804, the Government and Contractor shall mutually agree on the residual dollar amount remaining on the contract. Both the Government and Contractor agree to waive payment of any residual dollar amount of $1,000 or less to which either party may be entitled at the time of contract closeout.

(b) A residual dollar amount includes all money owed to either party at the end of the contract and as a result of the contract, excluding amounts connected in any way with taxation or a violation of law or regulation.

(c) For purposes of determining residual dollar amounts, offsets (e.g., across multiple contracts or orders) may be considered only to the extent permitted by law.

(End of clause)

Sections it refers to

Sections that refer to it

  • 204.804 Closeout of contract files.
  • 204.804-70 Contract clause.
  • 212.301 Solicitation provisions and contract clauses for the acquisition of commercial products and commercial services.

← 252.204-7021 Contractor Compliance With the Cybersecurity Maturity Model Certification Level Requirements. · 252.204-7023 Reporting Requirements for Contracted Services. →

Rule changes for DFARS Part 252

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Plain words for the terms: glossary.

DFARS 252.204-7022 Expediting Contract Closeout · SpendQuery