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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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29 sections with “inventory basis”

  • 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 49.206-2 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 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 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 …
  • 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 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…
  • 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 49.602-1 Termination settlement proposal forms.
    (a) Standard Form 1435, Settlement Proposal (Inventory Basis), shall be used to submit settlement proposals resulting from the termination of fixed-price contracts if the proposals are computed on an inventory basis (see 49.206-2(a)). (b) …
  • FAR 31.205-42 Termination costs.
    …curred during the early stages of the contract. (5) If the settlement proposal is on the inventory basis, initial costs should normally be allocated on the basis of total end items called for by the contract immediately before termination;…
  • FAR 49.203 Adjustment for loss.
    …iencies and other factors affecting the cost to complete. (b) If the settlement is on an inventory basis (see 49.206-2(a)), the contractor shall not be paid more than the total of the amounts in subparagraphs (1), (2), and (3) below, less …
  • 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 …
  • 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…
  • 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 45.600 Scope of subpart.
    …shes policies and procedures for the reporting, reutilization, and disposal of contractor inventory excess to contracts and of property that forms the basis of a claim against the Government (e.g., termination inventory under fixed-price co…
  • FAR 52.249-5 Termination for Convenience of the Government (Educational and Other Nonprofit Institutions).
    …s best efforts to sell, as directed or authorized by the Contracting Officer, termination inventory other than that retained by the Government under subparagraph (b)(6) of this clause; provided, however, that the Contractor (i) is not requi…
  • DFARS 252.229-7001 Tax Relief.
    …e duty-free import of an amount of supplies or components corresponding to that used from inventory for this contract. (End of clause) Alternate I. As prescribed in 229.402-70(a) and (a)(2), use the following clause, which adds a paragrap…
  • FAR 22.1003-6 Repair distinguished from remanufacturing of equipment.
    …es of equipment involved are too few to make it practicable) are commingled with existing inventory and, as such, lose their identification with respect to a particular piece of equipment. (vi) The items or equipment overhauled are restore…
  • FAR 42.302 Contract administration functions.
    …e part 45). (28) Perform necessary screening, redistribution, and disposal of contractor inventory. (29) Issue contract modifications requiring the contractor to provide packing, crating, and handling services on excess Government propert…
  • FAR 45.103 General.
    …e by using Government property; (3) Ensure maximum practical reutilization of contractor inventory for government purposes; (4) Require contractors to use Government property already in their possession to the maximum extent practical in …
  • FAR 47.207-3 Description of shipment, origin, and destination.
    …scription of the freight. The contracting officer shall include in solicitations— (1) An inventory if the freight consists of nonbulk items; and (2) The freight classification description, which should be obtained from the transportation …
  • FAR 49.002 Applicability.
    …ubcontractor settlement proposals. Credits for retention or other disposal of termination inventory and amounts for advance or partial payments shall not be deducted.
  • FAR 49.108-3 Settlement procedure.
    …t as provided in 49.108-4, the TCO shall require that— (1) All subcontractor termination inventory be disposed of and accounted for in accordance with the procedures contained in paragraph (j) of the clause at 52.245-1, Government Property…
  • FAR 49.305-1 General.
    …pping performance, (2) settling terminated subcontracts, and (3) disposing of termination inventory) shall be compared with the total work required by the contract or by the terminated portion. The contractor's adjusted fee shall not includ…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …, i.e., makes available on a publicly accessible Web site the results of a greenhouse gas inventory, performed in accordance with an accounting standard with publicly available and consistently applied criteria, such as the Greenhouse Gas P…
  • FAR 52.216-16 Incentive Price Revision—Firm Target.
    …essary to complete performance of all work under the items; (iii) A list of all residual inventory and an estimate of its value; and (iv) Any other relevant data that the Contracting Officer may reasonably require. (2) If the Contractor …
  • FAR 52.216-17 Incentive Price Revision—Successive Targets.
    …ecessary to complete performance of all work under the items; (3) A list of all residual inventory and an estimate of its value; and (4) Any other relevant data that the Contracting Officer may reasonably require. (f) Final price revisio…
  • DFARS 252.239-7007 Cancellation or Termination of Orders.
    …he Contracting Officer, in such reasonable detail as the Contracting Officer may require, inventory schedules covering all items of property or facilities in the Contractor's possession, the cost of which is included in the Basic Cancellati…

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.