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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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37 sections with “final settlement agreement”

  • FAR 49.303-5 Final settlement.
    …vering vouchered costs. (b) The TCO shall adjust the fee as provided in 49.305. (c) The final settlement agreement may include all demands of the Government and proposals of the contractor under the terminated contract. However, no amount…
  • FAR 49.112-2 Final payment.
    …) There is an appeal, the contractor shall submit a voucher or invoice showing the amount finally determined due on the appeal, less any portion previously paid. Pending determination of any appeal, the contractor may submit vouchers or inv…
  • FAR 49.303-4 Adjustment of indirect costs.
    …able Cost and Payment, and it appears that adjustment of indirect costs will unduly delay final settlement, the TCO, after obtaining information from the appropriate audit agency, may agree with the contractor to— (1) Negotiate the amount …
  • FAR 2.101 Definitions.
    …e Federal agency that, on behalf of all Federal agencies, is responsible for establishing final indirect cost rates and forward pricing rates, if applicable, and administering cost accounting standards for all contracts in a business unit. …
  • FAR 32.904 Determining payment due dates.
    …h day after Government acceptance of supplies delivered or services 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 …
  • FAR 42.705-1 Contracting officer determination procedure.
    …ntracting officer (or cognizant Federal agency official) responsible for establishing the final indirect cost rates: (1) Business units of a multidivisional corporation under the cognizance of a corporate administrative contracting officer…
  • FAR 42.705-3 Educational institutions.
    (a) General. (1) Postdetermined final indirect cost rates shall be used in the settlement of indirect costs for all cost-reimbursement contracts with educational institutions, unless predetermined final indirect cost rates are authorized an…
  • 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 52.216-5 Price Redetermination—Prospective.
    …of the last preceding period, except that the parties may agree to vary the length of the final period. The first day of the second and each succeeding period shall be the effective date of price redetermination for that period. (d) Data s…
  • FAR 52.216-6 Price Redetermination—Retroactive.
    …ars that the then-current billing prices will be substantially greater than the estimated final prices, or if the Contractor submits data showing that the redetermined prices will be substantially greater than the current billing prices, th…
  • FAR 52.216-7 Allowable Cost and Payment.
    …interest penalty provisions of the Prompt Payment Act. Interim payments made prior to the final payment under the contract are contract financing payments, except interim payments if this contract contains Alternate I to the clause at 52.23…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …posals arising from the termination of subcontracts; the approval or ratification will be final for purposes of this clause. (6) As directed by the Contracting Officer, transfer title and deliver to the Government (i) the fabricated or unf…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …posals arising from the termination of subcontracts; the approval or ratification will be final for purposes of this clause. (6) As directed by the Contracting Officer, transfer title and deliver to the Government (i) the fabricated or unf…
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    …e reimbursable in whole or in part, under this contract; approval or ratification will be final for purposes of this clause. (6) Transfer title (if not already transferred) and, as directed by the Contracting Officer, deliver to the Govern…
  • FAR 42.704 Billing rates.
    …gnizant Federal agency official) or auditor responsible under 42.705 for establishing the final indirect cost rates also shall be responsible for determining the billing rates. (b) The contracting officer (or cognizant Federal agency offic…
  • FAR 42.708 Quick-closeout procedure.
    … contract, task order, or delivery order to be closed, in advance of the determination of final direct costs and indirect rates set forth in 42.705, if— (1) The contract, task order, or delivery order is physically complete; (2) The amoun…
  • FAR 49.109-7 Settlement by determination.
    …f receipt. The transmittal letter shall advise the contractor that the determination is a final decision from which the contractor may appeal under the Disputes clause, except as shown in paragraph (f) below. The determination shall specify…
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …titutes a portion of the total amount to which the Contractor is entitled in complete and final settlement of the contract. (ii) Further, the Government agrees to pay to the Contractor or its assignee, upon presentation of a proper invoice…
  • FAR 52.216-10 Incentive Fee.
    …5 percent of all fee withholds under this contract after receipt of an adequate certified final indirect cost rate proposal covering the year of physical completion of this contract, provided the Contractor has satisfied all other contract …
  • FAR 15.403-4 Requiring certified cost or pricing data (10 U.S.C. chapter 271 and 41 U.S.C. chapter 35).
    …required are included for administrative convenience 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 co…
  • FAR 42.302 Contract administration functions.
    …osts when there is reason to believe they should be suspended or disapproved, and approve final vouchers. (8) Issue Notices of Intent to Disallow or not Recognize Costs (see subpart 42.8). (9) Establish final indirect cost rates and billi…
  • FAR 52.212-5 Contract Terms and Conditions Required To Implement Statutes or Executive Orders—Commercial Products and Commercial Services.
    …aterials, and other evidence for examination, audit, or reproduction, until 3 years after final payment under this contract or for any shorter period specified in FAR Subpart 4.7, Contractor Records Retention, of the other clauses of this c…
  • FAR 52.232-27 Prompt Payment for Construction Contracts.
    …d, 30 days after approval by the Contracting Officer for release to the Contractor. (ii) Final payments based on completion and acceptance of all work and presentation of release of all claims against the Government arising by virtue of th…
  • FAR 42.801 Notice of intent to disallow costs.
    … issued without coordination with the contracting officer or auditor having authority for final indirect cost settlement (see 42.705). (f) In the event the contractor submits a response that disagrees with the notice (see paragraph (b) abo…
  • FAR 52.232-25 Prompt payment.
    …e 30th day after Government acceptance of supplies delivered or 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 …
  • FAR 52.232-26 Prompt Payment for Fixed-Price Architect-Engineer Contracts.
    …ay after Government acceptance of the work or services completed 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 effec…
  • FAR 9.403 Definitions.
    …ther disposition that creates a civil liability for the complained of wrongful acts, or a final determination of liability under the Program Fraud Civil Remedies Act of 1986 (31 U.S.C. 3801-3812). Contractor means any individual or other l…
  • FAR 15.405 Price negotiation.
    …eeded to reach a negotiated settlement with the offeror and is solely responsible for the final price agreement. However, when significant audit or other specialist recommendations are not adopted, the contracting officer should provide rat…
  • FAR 19.701 Definitions.
    …of the contract, contract modification, or subcontract. Total contract dollars means the final anticipated dollar value, including the dollar value of all options. Untimely Payment means a payment to a subcontractor that is more than 90 d…
  • FAR 31.205-47 Costs related to legal and other proceedings.
    …here the proceeding does not involve an allegation of fraud or similar misconduct; (3) A final decision by an appropriate official of an executive agency to: (i) Debar or suspend the contractor or subcontractor; (ii) Rescind or void a co…
  • FAR 32.907 Interest penalties.
    …y, quality, or contractor compliance with any contract requirement. (3) In the case of a final invoice, the payment amount is not subject to further contract settlement actions between the Government and the contractor. (4) The designated…
  • FAR 49.001 Definitions.
    …ntracting officer of acceptable inventory schedules for each property classification. The final phase of the plant clearance period means that period after receipt of acceptable inventory schedules. Settlement agreement means a written agr…
  • FAR 52.219-9 Small Business Subcontracting Plan.
    …equired for performance of the contract or subcontract. Total contract dollars means the final anticipated dollar value, including the dollar value of all options. Untimely payment means a payment to a subcontractor that is more than 90 d…
  • 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…
  • DFARS 249.7000 Terminated contracts with Canadian Commercial Corporation.
    …ce of the prime contract, the TCO shall obtain from the U.S. contracting officer prior to final settlement— (i) Ratification of the proposed settlement; and (ii) A contract modification increasing the contract price and obligating the add…
  • DFARS 252.239-7007 Cancellation or Termination of Orders.
    …mount the Contractor is entitled. If the total of the payments is in excess of the amount finally agreed or determined to be due under this clause, the Contractor shall pay the excess to the Government upon demand. (j) Failure to agree sha…
  • DFARS 252.245-7005 Management and Reporting of Government Property.
    …ions, including laws and regulations involving export controls, host nation requirements, final governing standards, and government-to-government agreements. The Contractor's responsibility to comply with all applicable laws and regulations…

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.