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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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84 sections with “contractor inventory”: the first 40

  • FAR 45.602-1 Inventory disposal schedules.
    …turn for correction, inventory disposal schedules within 10 days following receipt from a contractor. Schedules that are completed in accordance with the instructions for Standard Form 1428 should be accepted. (b) Plant clearance officers …
  • FAR 49.603-8 Fixed-price contracts—settlements with subcontractors only.
    …ck 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 termination of the following su…
  • FAR 2.101 Definitions.
    …nd other related services. Assignment of claims means the transfer or making over by the contractor to a bank, trust company, or other financing institution, as security for a loan to the contractor, of its right to be paid by the Governme…
  • FAR 42.302 Contract administration functions.
    …2.101) has designated the contracting officer to perform these functions. (1) Review the contractor's compensation structure. (2) Review the contractor's insurance plans. (3) Conduct post-award orientation conferences. (4) Review and ev…
  • FAR 45.000 Scope of part.
    (a) This part prescribes policies and procedures for providing Government property to contractors; contractors' management and use of Government property; and reporting, redistributing, and disposing of contractor inventory. (b) It does no…
  • FAR 45.101 Definitions.
    …parts from Government property for use or for installation on other Government property. Contractor-acquired property means property acquired, fabricated, or otherwise provided by the contractor for performing a contract and to which the G…
  • FAR 45.103 General.
    (a) Agencies shall— (1) Allow and encourage contractors to use voluntary consensus standards (see FAR 11.101(b)) and industry-leading practices and standards to manage Government property in their possession; (2) Eliminate to the maximum …
  • FAR 45.603 Abandonment or destruction of personal property.
    (a) When contractor inventory is processed through the reutilization screening process prescribed in 45.602-2 without success, and provided the property has no commercial value, does not require demilitarization, and does not constitute a d…
  • FAR 49.104 Duties of prime contractor after receipt of notice of termination.
    After receipt of the notice of termination, the contractor shall comply with the notice and the termination clause of the contract, except as otherwise directed by the TCO. The notice and clause applicable to convenience terminations genera…
  • FAR 52.245-1 Government Property.
    …parts from Government property for use or for installation on other Government property. Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the …
  • DFARS 212.504 Applicability of certain laws to subcontracts for the acquisition of commercial products and commercial services.
    …owable Costs Under Defense Contracts. (v) 10 U.S.C. 3841(d), Examination of Records of a Contractor. (vi) 10 U.S.C. 3845, Contractor Inventory Accounting System Standards. (vii) 10 U.S.C. 4651, note prec. (section 855, Pub. L. 117-81), E…
  • DFARS 249.7000 Terminated contracts with Canadian Commercial Corporation.
    …e format prescribed in FAR 49.602 and that they contain the amount of settlements with subcontractors. The termination contracting officer (TCO) shall prepare an appropriate settlement agreement. (See FAR 49.603.) The letter transmitting a …
  • DFARS 252.245-7005 Management and Reporting of Government Property.
    …intains in the CAGE master file. This type of code is known as a NATO CAGE (NCAGE) code. Contractor-acquired property, contractor inventory, Government property, Government-furnished property, and loss of Government property have the meani…
  • DFARS 245.602-3 Screening.
    …or retention of listed items. All required screening must be completed before any sale of contractor inventory, including contractor inventory in overseas locations (foreign excess personal property) can take place. Upon request of the pros…
  • FAR 4.1703 Reporting requirements.
    (a) Thresholds. (1) Except as exempted by OFPP guidance, service contractor reporting shall be required for contracts and first-tier subcontracts for services based on type of contract and estimated total value. For indefinite-delivery cont…
  • FAR 15.408 Solicitation provisions and contract clauses.
    …cts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4). (c) Price Reduction for Defective Certified Cost or Pricing Data—Modifications. The contracting offic…
  • FAR 16.703 Basic ordering agreements.
    …standing, negotiated between an agency, contracting activity, or contracting office and a contractor, that contains (1) terms and clauses applying to future contracts (orders) between the parties during its term, (2) a description, as speci…
  • FAR 31.205-41 Taxes.
    … above, but upon which a claim of illegality or erroneous assessment exists; provided the contractor, before paying such taxes— (i) Promptly requests instructions from the contracting officer concerning such taxes; and (ii) Takes all acti…
  • FAR 31.205-42 Termination costs.
    …rinciples in subpart 31.2: (a) Common items. The costs of items reasonably usable on the contractor's other work shall not be allowable unless the contractor submits evidence that the items could not be retained at cost without sustaining …
  • FAR 32.202-4 Security for Government financing.
    …Financing of Purchases of Commercial Products and Commercial Services). Assessment of the contractor's financial condition shall consider both net worth and liquidity. If the contracting officer finds the offeror's financial condition is no…
  • FAR 32.503-6 Suspension or reduction of payments.
    …recipitately or arbitrarily. These actions should be taken only after— (i) Notifying the contractor of the intended action and providing an opportunity for discussion; (ii) Evaluating the effect of the action on the contractor's operation…
  • FAR 32.503-15 Application of Government title terms.
    …Property; and (2) The termination clauses at 52.249, for termination inventory. (c) The contractor may sell or otherwise dispose of current production scrap in the ordinary course of business on its own volition, even if title has vested …
  • FAR 42.1106 Reporting requirements.
    …en information on contract performance status is needed, contracting officers may require contractors to submit production progress reports (see 42.1107(a)). Reporting requirements shall be limited to that information essential to Governmen…
  • FAR 45.602-3 Screening.
    … paragraph (a) of this section. If an agency has no further need for the property and the contractor has not expressed an interest in using or acquiring the property by annotating the inventory disposal schedule, the plant clearance officer…
  • FAR 49.105 Duties of termination contracting officer after issuance of notice of termination.
    …nd the 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) Promp…
  • FAR 49.108-3 Settlement procedure.
    (a) Contractors shall settle with subcontractors in general conformity with the policies and principles relating to settlement of prime contracts in this subpart and subparts 49.2 or 49.3. However, the basis and form of the subcontractor's …
  • FAR 49.108-4 Authorization for subcontract settlements without approval or ratification.
    (a)(1) The TCO 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…
  • FAR 49.112-1 Partial payments.
    …e 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. The Government w…
  • FAR 49.202 Profit.
    (a) The TCO shall allow profit on preparations made 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 …
  • FAR 49.206-2 Bases for settlement proposals.
    …) 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 separately— (i) Metal…
  • FAR 49.601-2 Letter notice.
    …eived, use the alternate notice that follows this notice. Notice of Termination to Prime Contractors [At the top of the notice, set out all special details relating to the particular termination; e.g., name and address of company, contrac…
  • FAR 49.603-1 Fixed-price contracts—complete termination.
    …ination dated ________________________. (b) The parties agree to the following: (1) The Contractor certifies that all contract termination inventory (including scrap) has been retained or acquired by the Contractor, sold to third parties,…
  • FAR 49.603-2 Fixed-price contracts—partial termination.
    … (vi) any other explanation necessary to avoid uncertainty or misunderstanding]. (2) The Contractor certifies that all contract termination inventory (including scrap) has been retained or acquired by the Contractor, sold to third parties,…
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …f Termination dated __________________. (b) The parties agree to the following: (1) The Contractor certifies that all contract termination inventory (including scrap) has been retained or acquired by the Contractor, sold to third parties,…
  • FAR 49.606 Granting subcontract settlement authorization.
    …ticles or work at the contract price or for the settlement of termination proposals of subcontractors (except those settlements that have not been approved by the Government). (2) Any termination inventory involved has been disposed of und…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …sts to be incurred on account of manufacturing or production (by offeror or first-tier subcontractors) amount to more than 50 percent of the contract price: (11) HUBZone small business concern. [Complete only if the offeror represented its…
  • FAR 52.215-19 Notification of Ownership Changes.
    …8(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 i…
  • FAR 52.215-23 Limitations on Pass-Through Charges.
    … Charges (JUN 2020) (a) Definitions. As used in this clause— Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders …
  • FAR 52.216-7 Allowable Cost and Payment.
    … Cost and Payment (AUG 2018) (a) Invoicing. (1) The Government will make payments to the Contractor when requested as work progresses, but (except for small business concerns) not more often than once every 2 weeks, in amounts determined t…
  • FAR 52.216-16 Incentive Price Revision—Firm Target.
    … [Contracting Officer insert number of days] days after the end of the month in which the Contractor has delivered the last unit of supplies and completed the services specified by item number in paragraph (a) of this clause, the Contractor…

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.