DFARS 242.708 Quick-closeout procedure
Section Defense Federal Acquisition Regulation Supplement
Facts
- Citation
- DFARS 242.708
- Type
- Section
- Supplements
- FAR 42.708 Quick-closeout procedure
- Last amended
- 88 FR 12864 Effective Mar 1, 2023
- Text as of
- DFARS Change May 7, 2026
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) Defense Contract Management Agency administrative contracting officers are authorized to negotiate the settlement of direct and indirect costs for a specific contract, task order, or delivery order to be closed in advance of the determination of final direct costs and indirect rates set forth in FAR 42.705, regardless of the dollar value or percentage of unsettled direct or indirect costs allocable to the contract, task order, or delivery order.
(2) In lieu of the thresholds at FAR 42.708(a)(2)(i) and (ii), the amount of unsettled direct costs and indirect costs to be allocated to the contract, task order, or delivery order will be considered relatively insignificant when the total unsettled direct costs and indirect costs to be allocated to any one contract, task order, or delivery order do not exceed $2 million, regardless of the total contract, task order, or delivery order amount.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Defense Federal Acquisition Regulation Supplement: Quick-Closeout Procedures Threshold (DFARS Case 2021-D001) |
Quick answers
What is DFARS 242.708?
DFARS 242.708 is a section of the Defense Federal Acquisition Regulation Supplement, titled "Quick-closeout procedure".
When was DFARS 242.708 last changed?
The most recent final rule on record is "Defense Federal Acquisition Regulation Supplement: Quick-Closeout Procedures Threshold (DFARS Case 2021-D001)" (88 FR 12864), published Mar 1, 2023 and effective Mar 1, 2023.
Are changes to DFARS 242.708 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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