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FAR and DFARS › FAR Part 49: Termination of Contracts › Subpart 49.3

FAR 49.303-2 Submission of inventory disposal schedules.

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 section requires a contractor to submit complete inventory disposal schedules to the Termination Contracting Officer (TCO) when termination inventory is involved. The schedules must be submitted within 120 days of the termination effective date unless the TCO grants an extension based on written justification. They must be prepared on Standard Form 1428.

Applies to: Contractors with termination inventory allocable to a terminated portion of a contract

What it requires

  • Submit complete inventory disposal schedules to the TCO reflecting inventory allocable to the terminated portion of the contract.
  • Submit the schedules within 120 days from the effective date of termination unless extended by the TCO.
  • Prepare the schedules on Standard Form 1428, Inventory Disposal Schedule.

Key terms: termination inventory · inventory disposal schedules · TCO · Standard Form 1428 · effective date of termination

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

The text

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

Sections that refer to it

  • 49.105 Duties of termination contracting officer after issuance of notice of termination.
  • 53.245 Government property.

← 49.303-1 Submission of settlement proposal. · 49.303-3 Audit of settlement proposal. →

Rule changes for FAR Part 49

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

FAR 49.303-2 Submission of inventory disposal schedules · SpendQuery