FAR 49.103 Methods of settlement
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 49.103
- Type
- Section
- Proposed changes
- 1
- Text as of
- FAC 2026-01
- 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
Settlement of terminated cost-reimbursement contracts and fixed-price contracts terminated for convenience may be effected by (a) negotiated agreement, (b) determination by the TCO, (c) costing-out under vouchers using SF 1034, Public Voucher for Purchases and Services Other Than Personal, for cost-reimbursement contracts (as prescribed in subpart 49.3), or (d) a combination of these methods. When possible, the TCO should negotiate a fair and prompt settlement with the contractor. The TCO shall settle a settlement proposal by determination only when it cannot be settled by agreement.
Proposed changes
| Proposed rule | Published | Comments |
|---|---|---|
| Federal Acquisition Regulation: Revolutionary Federal Acquisition Regulation Overhaul Parts 3 and 49 | Closed Jul 23, 2026No final rule found |
Sections cited
- FAR Subpart 49.3 Additional Principles for Cost-Reimbursement Contracts Terminated for Convenience
Quick answers
What is FAR 49.103?
FAR 49.103 is a section of the Federal Acquisition Regulation, titled "Methods of settlement".
Are changes to FAR 49.103 proposed?
One proposed change has no final rule yet.
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