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FAR and DFARS › FAR Part 52: Solicitation Provisions and Contract Clauses › Subpart 52.2

FAR 52.215-19 Notification of Ownership Changes.

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 requires a contractor to notify the Administrative Contracting Officer in writing within 30 days of learning about an ownership change that could affect the valuation of its capitalized assets, or of related changes to asset valuations or costs. It also requires the contractor to keep accurate asset and cost records, give the ACO access to them, and flow the clause down to certain subcontracts. It matters because ownership changes can affect how assets are valued in the contractor's accounting records, and the government wants timely notice and reliable records.

Applies to: Contractors subject to FAR 15.408(k) and their applicable subcontracts

What it requires

  • Notify the ACO in writing within 30 days of becoming aware of an ownership change that could change capitalized asset valuations
  • Notify the ACO within 30 days of asset valuation or other cost changes resulting from an ownership change
  • Maintain current, accurate, and complete inventory records of assets and their costs
  • Provide the ACO or designated representative ready access to those records upon request

Key terms: Administrative Contracting Officer (ACO) · ownership change · capitalized assets · asset valuations · depreciation and amortization schedules

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

The text

As prescribed in 15.408(k), insert the following clause:

Notification of Ownership Changes (OCT 1997)

(a) The Contractor shall make the following notifications in writing:

(1) When the Contractor becomes aware that a change in its ownership has occurred, or is certain to occur, that could result in changes in the valuation of its capitalized assets in the accounting records, the Contractor shall notify the Administrative Contracting Officer (ACO) within 30 days.

(2) The Contractor shall also notify the ACO within 30 days whenever changes to asset valuations or any other cost changes have occurred or are certain to occur as a result of a change in ownership.

(b) The Contractor shall—

(1) Maintain current, accurate, and complete inventory records of assets and their costs;

(2) Provide the ACO or designated representative ready access to the records upon request;

(3) Ensure that all individual and grouped assets, their capitalized values, accumulated depreciation or amortization, and remaining useful lives are identified accurately before and after each of the Contractor's ownership changes; and

(4) Retain and continue to maintain depreciation and amortization schedules based on the asset records maintained before each Contractor ownership change.

(c) The Contractor shall include the substance of this clause in all subcontracts under this contract that meet the applicability requirement of FAR 15.408(k).

(End of clause)

Sections it refers to

  • 15.408 Solicitation provisions and contract clauses.

Sections that refer to it

  • 15.408 Solicitation provisions and contract clauses.

← 52.215-18 Reversion or Adjustment of Plans for Postretirement Benefits (PRB) Other Than Pensions. · 52.215-20 Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. →

Rule changes for FAR Part 52

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

FAR 52.215-19 Notification of Ownership Changes · SpendQuery