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

FAR 49.303-3 Audit of settlement proposal.

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.

The text

The TCO shall submit the settlement proposal to the appropriate audit agency for review (see 49.107). However, if the settlement proposal is limited to an adjustment of fee, no referral to the audit agency is required.

Sections it refers to

49.107 Audit of prime contract settlement proposals and subcontract settlements.

← 49.303-2 Submission of inventory disposal schedules. · 49.303-4 Adjustment of indirect costs. →

Rule changes for FAR Part 49

Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 3 and 49 ↗ · proposed 2026-06-23 · comments due 2026-07-23
Federal Acquisition Regulation; Technical Amendments ↗ · final rule 2024-12-16 · effective 2025-01-03

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