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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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36 sections with “final settlement proposal”

  • 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 49.206-1 Submission of settlement proposals.
    …t 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 effective date of the termination, unless the period is extended by the TCO. Term…
  • FAR 49.304-2 Submission of settlement proposal (fee only).
    …tor 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 extended by the T…
  • 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 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 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 49.112-1 Partial payments.
    …equest them on the form prescribed in 49.602-4 at any time after submission of interim or final settlement proposals. The Government will process applications for partial payments promptly. A subcontractor shall submit its application throu…
  • 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 52.215-2 Audit and Records—Negotiation.
    …(d), and (e) of this clause, for examination, audit, or reproduction, until 3 years after final payment under this contract or for any shorter period specified in Subpart 4.7, Contractor Records Retention, of the Federal Acquisition Regulat…
  • 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 52.216-7 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 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 49.606 Granting subcontract settlement authorization.
    …ecific items of termination inventory, or the Contracting Officer may, at any time before final settlement, issue specific instructions. These instructions will not affect any disposal action taken by you or your subcontractors before their…
  • FAR 52.216-8 Fixed 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 52.216-9 Fixed Fee—Construction.
    …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 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 31.001 Definitions.
    …icable law, regulation, or contract, is specifically named and stated to be unallowable. Final cost objective means (except for subparts 31.3 and 31.6) a cost objective that has allocated to it both direct and indirect costs and, in the 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 52.233-3 Protest After Award.
    … to the work covered by the order during the period of work stoppage. Upon receipt of the final decision in the protest, the Contracting Officer shall either— (1) Cancel the stop-work order; or (2) Terminate the work covered by the order …
  • FAR 31.110 Indirect cost rate certification and penalties on unallowable costs.
    (a) Certain contracts require certification of the indirect cost rates proposed for final payment purposes. See 42.703-2 for administrative procedures regarding the certification provisions and the related contract clause prescription. (b)…
  • FAR 52.214-26 Audit and Records—Sealed Bidding.
    …aragraph (b) of this clause, for examination, audit, or reproduction, until 3 years after final payment under this contract, or for any other period specified in subpart 4.7 of the Federal Acquisition Regulation (FAR). FAR Subpart 4.7, Cont…
  • FAR 52.249-5 Termination for Convenience of the Government (Educational and Other Nonprofit Institutions).
    … proposals arising from the termination of subcontracts; 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 12.403 Termination.
    …t will inform the contractor of the remedy; and (iv) State that the notice constitutes a final decision of the contracting officer and that the contractor has the right to appeal under the Disputes clause (see 33.211). (4) The contracting…
  • 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 49.108-5 Recognition of judgments and arbitration awards.
    (a) When a subcontractor obtains a final judgment against a prime contractor, the TCO shall, for the purposes of settling the prime contract, treat the amount of the judgment as a cost of settling with the contractor, to the extent the judg…
  • 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 52.242-15 Stop-Work Order.
    … the Contracting Officer may receive and act upon a proposal submitted at any time before final payment under this contract. (c) If a stop-work order is not canceled and the work covered by the order is terminated for the conveninece of th…
  • 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…

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.