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48 CFR · Federal Acquisition Regulation and Defense supplement

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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.

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74 sections with “Settlement date”: the first 40

  • FAR 32.904 Determining payment due dates.
    …vices performed. (A) For a final invoice, when the payment amount is subject to contract settlement actions, acceptance is deemed to occur on the effective date of the contract settlement. (B) For the sole purpose of computing an interest…
  • FAR 49.108-4 Authorization for subcontract settlements without approval or ratification.
    …may, upon written request, give written authorization to the prime contractor to conclude settlements of subcontracts terminated in whole or in part without approval or ratification when the amount of settlement (see 49.002(d)) is $100,000 …
  • FAR 49.109-6 Joint settlement of two or more settlement proposals.
    … the contractor, the TCO or TCO's concerned may negotiate jointly two or more termination settlement proposals of the same contractor under different contracts, even though the contracts are with different contracting offices or agencies. I…
  • FAR 49.109-7 Settlement by determination.
    (a) General. If the contractor and TCO cannot agree on a termination settlement, or if a settlement proposal is not submitted within the period required by the termination clause, the TCO shall issue a determination of the amount due consis…
  • FAR 49.206-1 Submission of settlement proposals.
    … provisions of the termination clause, the contractor should promptly submit to the TCO a settlement proposal for the amount claimed because of the termination. The final settlement proposal must be submitted within one year from the effect…
  • FAR 49.206-2 Bases for settlement proposals.
    (a) Inventory basis. (1) Use of the inventory basis for settlement proposals is preferred. Under this basis, the contractor may propose only costs allocable to the terminated portion of the contract, and the settlement proposal must itemize…
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    [Insert the following in Block 14 of SF 30 for settlement of cost-reimbursement contracts that are completely terminated, if settlement includes costs.] (a) This supplemental agreement settles the settlement proposal resulting from the Not…
  • FAR 49.603-4 Cost-reimbursement contracts—complete termination, with settlement limited to fee.
    [Insert the following in Block 14 of SF 30 for settlement of cost-reimbursement contracts that are completely terminated, if settlement is limited to fee.] (a) This supplemental agreement settles the amount of fee due under the contract, t…
  • FAR 49.603-8 Fixed-price contracts—settlements with subcontractors only.
    [Insert the following in Block 14 of SF 30 for settlements of fixed-price contracts covering only settlements with subcontractors.] (a) This agreement settles that portion of the settlement proposal of the Contractor that is based upon ter…
  • FAR 49.606 Granting subcontract settlement authorization.
    Contracting officers shall use the following format when granting subcontract settlement authorization: LETTER OF AUTHORIZATION (a) Your request of ______ (date) is approved, and you are authorized, subject to the limitations of subsectio…
  • FAR 49.603-9 Settlement of reservations.
    [Insert the following in Block 14 of SF 30 for settlement of reservations.] (a) Supplemental Agreement No. ________, dated ________, was executed to reflect the settlement of the termination of this contract. The supplemental agreement exc…
  • FAR 31.205-42 Termination costs.
    …hinery and equipment and starting load costs. (3) When initial costs are included in the settlement proposal as a direct charge, such costs shall not also be included in overhead. Initial costs attributable to only one contract shall not b…
  • FAR 49.001 Definitions.
    …lant clearance period means that period after receipt of acceptable inventory schedules. Settlement agreement means a written agreement in the form of a contract modification settling all or a severable portion of a settlement proposal. S…
  • FAR 49.105 Duties of termination contracting officer after issuance of notice of termination.
    … the TCO shall— (1) Direct the action required of the prime contractor; (2) Examine the settlement proposal of the prime contractor and, when appropriate, the settlement proposals of subcontractors; (3) Promptly negotiate settlement with…
  • FAR 49.112-1 Partial payments.
    (a) General. If the contract authorizes partial payments on settlement proposals before settlement, a prime contractor may request them on the form prescribed in 49.602-4 at any time after submission of interim or final settlement proposals…
  • FAR 49.202 Profit.
    …and work done by the contractor for the terminated portion of the contract but not on the settlement expenses. Anticipatory profits and consequential damages shall not be allowed (but see 49.108-5). Profit for the contractor's efforts in se…
  • FAR 49.203 Adjustment for loss.
    (a) In the negotiation or determination of any settlement, the TCO shall not allow profit if it appears that the contractor would have incurred a loss had the entire contract been completed. The TCO shall negotiate or determine the amount o…
  • FAR 49.304-2 Submission of settlement proposal (fee only).
    The contractor shall limit the settlement proposal to a proposed reduction in the amount of fee. The final settlement proposal shall be submitted to the TCO within one year from the effective date of termination, unless the period is extend…
  • FAR 49.601-2 Letter notice.
    …ect to the exceptions in subparagraph (1) above; (iv) Provide instructions to submit any settlement proposal promptly; and (v) Request that similar notices and instructions be given to its immediate subcontractors. (4) Notify the Contrac…
  • FAR 49.603-1 Fixed-price contracts—complete termination.
    [Insert the following in Block 14 of SF 30 for settlements of fixed-price contracts completely terminated.] (a) This supplemental agreement settles the settlement proposal resulting from the Notice of Termination dated ____________________…
  • FAR 49.603-2 Fixed-price contracts—partial termination.
    [Insert the following in Block 14 of SF 30 for settlements of fixed-price contracts partially terminated.] (a) This supplemental agreement settles the settlement proposal resulting from the Notice of Termination dated __________________. …
  • FAR 49.603-6 No-cost settlement agreement—complete termination.
    [Insert the following in Block 14 of SF 30 if a no-cost settlement agreement, under a complete termination, is to be executed.] (a) This supplemental agreement __________ [insert “modifies the contract to reflect a no-cost settlement agree…
  • FAR 49.603-7 No-cost settlement agreement—partial termination.
    [Insert the following in Block 14 of SF 30 if a no-cost settlement agreement, under a partial termination, is to be executed.] (a) This supplemental agreement modifies the contract to reflect a no-cost settlement agreement with respect to …
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …ed, in which case the Government shall have the right to settle or to pay any termination settlement proposal arising out of those terminations. (5) With approval or ratification to the extent required by the Contracting Officer, settle al…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …ed, in which case the Government shall have the right to settle or to pay any termination settlement proposal arising out of those terminations. (5) With approval or ratification to the extent required by the Contracting Officer, settle al…
  • FAR 52.249-5 Termination for Convenience of the Government (Educational and Other Nonprofit Institutions).
    …nated, in which case the Government shall have the right to settle or pay any termination settlement proposal arising out of those terminations. (5) With approval or ratification to the extent required by the Contracting Officer, settle al…
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    …ed, in which case the Government shall have the right to settle or to pay any termination settlement proposal arising out of those terminations. (5) With approval or ratification to the extent required by the Contracting Officer, settle al…
  • DFARS 204.804 Closeout of contract files.
    …e requirements of paragraph (3)(i) of this section may be closed out through a negotiated settlement with the contractor. Except as provided in paragraph (3)(ii)(B) of this section, the contract closeout process shall include a bilateral mo…
  • FAR 32.902 Definitions.
    …ate on which a check for payment is dated or, for an electronic funds transfer (EFT), the settlement date. Settlement date, as it applies to electronic funds transfer, means the date on which an electronic funds transfer payment is credite…
  • FAR 49.303-1 Submission of settlement proposal.
    The contractor shall submit a final settlement proposal covering unvouchered costs and any proposed fee to the TCO within 1 year from the effective date of termination, unless the period is extended by the TCO. The contractor shall use the …
  • FAR 49.604 Release of excess funds under terminated contracts.
    …s under terminated contracts, except if the contracting office retains responsibility for settlement of the termination: FROM: Termination Contracting Officer ______ [address] TO: Contracting office ________ [address] SUBJ: Terminated Co…
  • FAR 52.215-2 Audit and Records—Negotiation.
    …cords relating to the work terminated until 3 years after any resulting final termination settlement; and (2) The Contractor shall make available records relating to appeals under the Disputes clause or to litigation or the settlement of c…
  • DFARS 252.239-7007 Cancellation or Termination of Orders.
    …r contractual document, the Government's liability will be determined under the following settlement procedures— (1) The Contractor agrees to provide the Contracting Officer, in such reasonable detail as the Contracting Officer may require…
  • FAR 15.403-4 Requiring certified cost or pricing data (10 U.S.C. chapter 271 and 41 U.S.C. chapter 35).
    …nvenience in the same modification. Negotiated final pricing actions (such as termination settlements and total final price agreements for fixed-price incentive and redeterminable contracts) are contract modifications requiring certified co…
  • FAR 31.205-35 Relocation costs.
    …xing up expenses), utilities, taxes, property insurance, and mortgage interest, after the settlement date or lease date of a new permanent residence, except that these costs, when added to the costs described in paragraph (a)(3) of this sub…
  • FAR 49.502 Termination for convenience of the Government.
    …ntract, and would, if terminated for the convenience of the Government, limit termination settlement charges to services rendered before the date of termination. Examples of services where this clause may be appropriate are contracts for re…
  • FAR 52.216-7 Allowable Cost and Payment.
    …and billed, as required in paragraph (d)(2)(iii)(I) of this section, within 60 days after settlement of final indirect cost rates. (3) The Contractor and the appropriate Government representative shall execute a written understanding setti…
  • FAR 52.232-25 Prompt payment.
    …r services performed. For a final invoice, when the payment amount is subject to contract settlement actions, acceptance is deemed to occur on the effective date of the contract settlement. (ii) If the designated billing office fails to an…
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …ed by the Contractor. For a final invoice, when the payment amount is subject to contract settlement actions (e.g., release of claims), acceptance is deemed to occur on the effective date of the settlement. (ii) The due date for progress p…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    …ted by the Contractor. For a final invoice when the payment amount is subject to contract settlement actions (e.g., release of claims), acceptance is deemed to occur on the effective date of the contract settlement. (B) If the designated b…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.