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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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93 sections with “inventory”: the first 40

  • FAR 49.206-3 Submission of inventory disposal schedules.
    Subject to the terms of the termination clause, and whenever termination inventory is involved, the contractor shall submit complete inventory disposal schedules to the TCO reflecting inventory that is allocable to the terminated portion of…
  • FAR 49.303-2 Submission of inventory disposal schedules.
    Subject to the terms of the termination clause, and whenever termination inventory is involved, the contractor shall submit complete inventory disposal schedules to the TCO reflecting inventory that is allocable to the terminated portion of…
  • FAR 45.602-1 Inventory disposal schedules.
    (a) Plant clearance officers should review and accept, or return for correction, inventory disposal schedules within 10 days following receipt from a contractor. Schedules that are completed in accordance with the instructions for Standard …
  • FAR 45.605 Inventory disposal reports.
    The plant clearance officer shall promptly prepare an SF 1424, Inventory Disposal Report, following disposition of the property identified on an inventory disposal schedule and the crediting of any related proceeds. The report shall identif…
  • DFARS 245.602-1 Inventory disposal schedules.
    For termination inventory, plant clearance officers shall verify inventory schedules, either directly or through appropriate technical personnel, to determine the following: (a) Allocability. (1) Review contract requirements, delivery sch…
  • FAR 49.602-2 Inventory forms.
    Standard Form (SF) 1428, Inventory Disposal Schedule, and SF 1429, Inventory Disposal Schedule—Continuation Sheet, shall be used to support settlement proposals submitted on the forms specified in 49.602-1(b) and (d).
  • FAR 32.503-6 Suspension or reduction of payments.
    …ayments until the unliquidated balance of progress payments is eliminated. (d) Excessive inventory. If the inventory allocated to the contract exceeds reasonable requirements (including a reasonable accumulation of inventory for continuity…
  • FAR 45.602-3 Screening.
    The screening period begins upon the plant clearance officer's acceptance of an inventory disposal schedule. The plant clearance officer shall determine whether standard or special screening is appropriate and initiate screening actions. (…
  • FAR 49.112-1 Partial payments.
    …-3(c) or was authorized under 49.108-4; (3) 90 percent of the direct cost of termination inventory, including costs of raw materials, purchased parts, supplies, and direct labor; (4) 90 percent of other allowable costs (including settleme…
  • FAR 49.601-2 Letter notice.
    …ders under the contract, or in which a lien has been or may be placed against termination inventory to be reported to the Government. Also, promptly notify the Contracting Officer of any such proceedings that are filed after receipt of this…
  • FAR 49.603-1 Fixed-price contracts—complete termination.
    …rties 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, returned to suppliers, delivered to or stored for …
  • FAR 49.603-2 Fixed-price contracts—partial termination.
    …rtainty 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, returned to suppliers, delivered to or stored for …
  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …rties 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, returned to suppliers, delivered to or stored for …
  • FAR 52.232-12 Advance Payments.
    …n clause, the Contracting Officer authorizes the Contractor to sell or retain termination inventory, the approval shall constitute a release of the Government's lien to the extent that— (i) The termination inventory is sold or retained; an…
  • FAR 52.245-1 Government Property.
    … Contractor for performing a contract, and to which the Government has title. Contractor inventory means— (1) Any property acquired by and in the possession of a Contractor or subcontractor under a contract for which title is vested in th…
  • FAR 52.249-2 Termination for Convenience of the Government (Fixed-Price).
    …irected by the Contracting Officer. (c) The Contractor shall submit complete termination inventory schedules no later than 120 days from the effective date of termination, unless extended in writing by the Contracting Officer upon written …
  • FAR 52.249-6 Termination (Cost-Reimbursement).
    …irected by the Contracting Officer. (d) The Contractor shall submit complete termination inventory schedules no later than 120 days from the effective date of termination, unless extended in writing by the Contracting Officer upon written …
  • DFARS 252.242-7004 Material Management and Accounting System.
    …ne systems, or they may be integrated with planning, engineering, estimating, purchasing, inventory, accounting, or other systems. Material weakness means a deficiency or combination of deficiencies in the internal control over information…
  • DFARS 252.245-7005 Management and Reporting of Government Property.
    …e 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 meanings given in the Federal Acquisition Regu…
  • FAR 7.204 Responsibilities of contracting officers.
    …r transmitting offeror responses to the solicitation provision at 52.207-4 to appropriate inventory management/requirements development activities in accordance with agency procedures. The economic purchase quantity data so obtained are int…
  • FAR 15.408 Solicitation provisions and contract clauses.
    … For standard commercial products fabricated by the offeror that are generally stocked in inventory, provide a separate cost breakdown, if priced based on cost. For interorganizational transfers priced at cost, provide a separate breakdown …
  • FAR 31.001 Definitions.
    …, expressed in physical terms, of the quantity of material. Moving average cost means an inventory costing method under which an average unit cost is computed after each acquisition by adding the cost of the newly acquired units to the cos…
  • 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 49.603-8 Fixed-price contracts—settlements with subcontractors only.
    …, has furnished the Contractor a certificate stating (i) that all subcontract termination inventory (including scrap) has been retained or acquired by the subcontractor, sold to third parties, returned to suppliers, delivered to or stored f…
  • FAR 53.245 Government property.
    …(Continuation Sheet). See FPMR 101-45.303 (41 CFR 101-45.303.)) (c) SF 1423 (Rev. 5/04), Inventory Verification Survey. (See 45.602-1(b)(1).) (d) SF 1424 (Rev. 5/04), Inventory Disposal Report (See 45.605). SF 1424 is authorized for local…
  • DFARS 249.7000 Terminated contracts with Canadian Commercial Corporation.
    …03.) The letter transmitting a settlement proposal must certify— (1) That disposition of inventory has been completed; and (2) That the Contract Claims Resolution Board of the Public Works and Government Services Canada has approved settl…
  • FAR 4.1703 Reporting requirements.
    … may review the reports at www.sam.gov. (2) Agencies are required to compile annually an inventory of service contracts performed for, or on behalf of, the agency during the prior fiscal year in order to determine the extent of the agency'…
  • FAR 49.105 Duties of termination contracting officer after issuance of notice of termination.
    …ist on accounting matters; and (4) Perform the following functions regarding termination inventory (see subpart 45.6): (i) Verify its existence. (ii) Determine qualitative and quantitative allocability. (iii) Make recommendations concer…
  • FAR 49.108-4 Authorization for subcontract settlements without approval or ratification.
    …ment proposals, including proposals for retention, sale, or other disposal of termination inventory of the immediate and lower tier subcontractors (the TCO shall obtain the advice and recommendations of (A) the appropriate audit agency rela…
  • FAR 49.204 Deductions.
    …a settlement, the TCO shall deduct— (a) The agreed price for any part of the termination inventory purchased or retained by the contractor, and the proceeds from any materials sold that have not been paid or credited to the Government; (b…
  • FAR 49.606 Granting subcontract settlement authorization.
    …uct advance or partial payments or credits for retention or other disposal of termination inventory allocated to the settlement proposal. (ii) Deduct amounts payable for completed articles or work at the contract price or for the settlemen…
  • FAR 52.249-3 Termination for Convenience of the Government (Dismantling, Demolition, or Removal of Improvements).
    …irected by the Contracting Officer. (c) The Contractor shall submit complete termination inventory schedules no later than 120 days from the effective date of termination, unless extended in writing by the Contracting Officer upon written …
  • FAR 53.249 Termination of contracts.
    …s Other Than Personal. (See 49.302(a).) (2) SF 1435 (Rev. 03/2016), Settlement Proposal (Inventory Basis). (See 49.602-1(a).) (3) SF 1436 (Rev. 5/2004), Settlement Proposal (Total Cost Basis). (See 49.602-1(b).) (4) SF 1437 (Rev. 9/1997)…
  • DFARS 223.501-70 Disclosure of greenhouse gas emissions.
    …rifluoride, hydrofluorocarbons, perfluorocarbons, or sulfur hexafluoride. Greenhouse gas inventory means, with respect to an entity or individual, a quantified list of the annual greenhouse gas emissions of the entity or individual. (c) P…
  • DFARS 232.072-2 Appropriate information.
    …mental, or product liabilities; (vi) Validity of accounts receivable and actual value of inventory, as assets; and (vii) Status and aging of accounts payable. (10) Significant ratios such as— (i) Inventory to annual sales; (ii) Invento…
  • FAR 2.101 Definitions.
    …agency procedures, responsible for screening, redistributing, and disposing of contractor inventory from a contractor's plant or work site. The term “Contractor's plant” includes, but is not limited to, Government-owned contractor-operated …
  • FAR 4.1700 Scope of subpart.
    …e agencies, other than the Department of Defense (DoD), covered by the Federal Activities Inventory Reform Act (Pub. L. 105-270) (FAIR Act). The information reported in the inventory will be publicly accessible.
  • FAR 16.703 Basic ordering agreements.
    …n economies in ordering parts for equipment support by reducing administrative lead-time, inventory investment, and inventory obsolescence due to design changes. (c) Limitations. A basic ordering agreement shall not state or imply any agre…
  • FAR 31.205-41 Taxes.
    …vernment work should be allocated to such work; taxes on contractor-owned work-in-process inventory (and Government-owned work-in-process inventory when taxed) used solely in connection with Government work should be charged to such work. T…
  • FAR 32.503-15 Application of Government title terms.
    …2.245-1, Government 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 …

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.