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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12 sections with “final proposal revision”

  • FAR 15.307 Proposal revisions.
    …ns, each offeror still in the competitive range shall be given an opportunity to submit a final proposal revision. The contracting officer is required to establish a common cut-off date only for receipt of final proposal revisions. Requests…
  • FAR 36.606 Negotiations.
    (a) Unless otherwise specified by the selection authority, the final selection authorizes the contracting officer to begin negotiations. Negotiations shall be conducted in accordance with part 15 of this chapter, beginning with the most pre…
  • FAR 4.804-5 Procedures for closing out contract files.
    …t procedures must ensure that— (1) Disposition of classified material is completed; (2) Final patent report is cleared. If a final patent report is required, the contracting officer may proceed with contract closeout in accordance with th…
  • FAR 52.230-6 Administration of Cost Accounting Standards.
    …part 16.4); (3) Orders issued under indefinite-delivery contracts and subcontracts where final payment is not based on actual costs incurred (FAR Subpart 16.5); and (4) The fixed-hourly rate portion of time-and-materials and labor-hours c…
  • FAR 52.242-3 Penalties for Unallowable Costs.
    … Costs (DEC 2022) (a) Definition. Proposal, as used in this clause, means either— (1) A final indirect cost rate proposal submitted by the Contractor after the expiration of its fiscal year which— (i) Relates to any payment made on the b…
  • FAR 14.503-1 Step one.
    … acceptable without additional explanation or information, (ii) the Government may make a final determination regarding a proposal's acceptability solely on the basis of the proposal as submitted, and (iii) the Government may proceed with t…
  • FAR 15.408 Solicitation provisions and contract clauses.
    … the agreement, include a copy, and describe its nature. H. As soon as practicable after final agreement on price or an earlier date agreed to by the parties, but before the award resulting from the proposal, you must, under the conditions…
  • FAR 22.1003-4 Administrative limitations, variations, tolerances, and exemptions.
    …he contracting officer shall identify the deficiency to the offeror before receipt of the final proposal revisions. Unless the offeror provides a revised offer acknowledging applicability of the Service Contract Labor Standards statute or d…
  • FAR 25.1002 Use of foreign currency.
    …if award is based on initial offers; otherwise (ii) On the date specified for receipt of final proposal revisions. (c) If a contract is priced in foreign currency, the agency must ensure that adequate funds are available to cover currency…
  • FAR 52.246-19 Warranty of Systems and Equipment under Performance Specifications or Design Criteria.
    …e Contractor in complying with this clause shall be considered when negotiating the total final price under the Incentive Price Revision clause of this contract. After establishment of the total final price, Contractor compliance with this …
  • FAR 49.115 Settlement of terminated incentive contracts.
    …or at target price for completed articles included in the settlement proposal for which a final price has not been established. The TCO shall incorporate in the settlement agreement an appropriate reservation as to final price for these com…
  • FAR 52.248-1 Value Engineering.
    …or shall maintain records adequate to identify the first delivered unit for 3 years after final payment under this contract. (2) The Contracting Officer shall calculate the Contractor's share of concurrent contract savings by (i) subtracti…

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.