No-cost settlement.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false No-cost settlement. 49.109-4 Section 49.109-4 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT TERMINATION OF CONTRACTS General Principles 49.109–4 No-cost settlement. The TCO shall execute a no-cost settlement agreement (see 49.603–6 or 49.603–7, as applicable) if (a) the contractor has not incurred costs for the terminated portion of the contract or (b) the contractor is willing to waive the costs incurred and (c) no amounts are due the Government under the contract.