Submission of inventory disposal schedules.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Submission of inventory disposal schedules. 49.206-3 Section 49.206-3 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT TERMINATION OF CONTRACTS Additional Principles for Fixed-Price Contracts Terminated for Convenience 49.206–3 Submission of inventory disposal schedules. Subject to the terms of the termination clause, and whenever termination inventory is involved, the contractor shall submit complete inventory disposal schedules to the TCO reflecting inventory that is allocable to the terminated portion of the contract. The inventory disposal schedules shall be submitted within 120 days from the effective date of termination unless otherwise extended by the TCO based on a written justification to support the extension. The inventory schedules shall be prepared on Standard Form 1428, Inventory Disposal Schedule. [69 FR 17748, Apr. 5, 2004]