FAR 49.204 Deductions
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 49.204
- Type
- Section
- Last amended
- 77 FR 12937 Effective Apr 2, 2012
- 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
From the amount payable to the contractor under 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) The fair value, as determined by the TCO, of any part of the termination inventory that, before transfer of title to the Government or to a buyer under part 45, is lost or so damaged as to become undeliverable (normal spoilage is excepted, as is inventory for which the Government has expressly assumed the risk of loss); and
(c) Any other amounts as appropriate in the particular case.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Government Property |
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 Part 45 Government Property
Quick answers
What is FAR 49.204?
FAR 49.204 is a section of the Federal Acquisition Regulation, titled "Deductions".
When was FAR 49.204 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Government Property" (77 FR 12937), published Mar 2, 2012 and effective Apr 2, 2012.
Are changes to FAR 49.204 proposed?
One proposed change has no final rule yet.
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