FAR 49.602-1 Termination settlement proposal forms
Subsection Federal Acquisition Regulation
Facts
- Citation
- FAR 49.602-1
- 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
(a) Standard Form 1435, Settlement Proposal (Inventory Basis), shall be used to submit settlement proposals resulting from the termination of fixed-price contracts if the proposals are computed on an inventory basis (see 49.206-2(a)).
(b) Standard Form 1436, Settlement Proposal (Total Cost Basis), shall be used to submit settlement proposals resulting from the termination of fixed-price contracts if the proposals are computed on a total cost basis (see 49.206-2(b)).
(c) Standard Form 1437, Settlement Proposal for Cost- Reimbursement Type Contracts, shall be used to submit settlement proposals resulting from the termination of cost-reimbursement contracts (see 49.302).
(d) Standard Form 1438, Settlement Proposal (Short Form), shall be used to submit settlement proposals resulting from the termination of fixed-price contracts if the total proposal is less than $10,000 (see 49.206-1(d)).
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 49.206-2(a) Bases for settlement proposals
- FAR 49.302 Discontinuance of vouchers
- FAR 49.206-1(d) Submission of settlement proposals
Quick answers
What is FAR 49.602-1?
FAR 49.602-1 is a subsection of the Federal Acquisition Regulation, titled "Termination settlement proposal forms".
Are changes to FAR 49.602-1 proposed?
One proposed change has no final rule yet.
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