FAR 49.304-2 Submission of settlement proposal (fee only)
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 49.304-2
- Type
- Subsection
- 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 subsection.
Text
The contractor shall limit the settlement proposal to a proposed reduction in the amount of fee. The final settlement proposal shall be submitted to the TCO within oneyear from the effective date of termination, unless the period is extended by the TCO. The proposal may be submitted in the form prescribed in 49.602-1 or by letter appropriately certified. The contractor shall substantiate the amount of fee claimed (see 49.305).
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 49.602-1 Termination settlement proposal forms
- FAR 49.305 Adjustment of fee
Quick answers
What is FAR 49.304-2?
FAR 49.304-2 is a subsection of the Federal Acquisition Regulation, titled "Submission of settlement proposal (fee only)".
Are changes to FAR 49.304-2 proposed?
One proposed change has no final rule yet.
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