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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4 sections with “liquidate contract debts”

  • FAR 49.603-3 Cost-reimbursement contracts—complete termination, if settlement includes cost.
    …nt less amount shown in subdivision (6)(i) above] (A) the amount of $__________ for all unliquidated partial or progress payments previously made to the Contractor or its assignee and all unliquidated advance payments (with any interest), (…
  • FAR 32.602 Responsibilities.
    …nt office. The contracting officer shall not collect contract debts or otherwise agree to liquidate contract debts (e.g., offset the amount of the debt against existing unpaid bills due the contractor, or allow contractors to retain contrac…
  • FAR 32.604 Demand for payment.
    …p sum payment or submits a credit invoice. (A credit invoice is a contractor's request to liquidate the debt against existing unpaid bills due the contractor); or (2) Notifies the contracting officer that the payment office overpaid on an …
  • FAR 49.404 Surety-takeover agreements.
    …ven in connection with the contract. (2) The surety is bound by contract terms governing liquidated damages for delays in completion of the work, unless the delays are excusable under the contract. (3) If the contract proceeds have been a…

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.