Cost-reimbursement contracts-partial termination.

Federal Acquisition Regulations System 1 2023-10-01 2023-10-01 false Cost-reimbursement contracts-partial termination. 49.603-5 Section 49.603-5 Federal Acquisition Regulations System FEDERAL ACQUISITION REGULATION CONTRACT MANAGEMENT TERMINATION OF CONTRACTS Contract Termination Forms and Formats 49.603–5 Cost-reimbursement contracts—partial termination. [ Insert the following in Block 14 of SF 30, Amendment of Solicitation/Modification of Contract, for settlement agreements for cost-reimbursement contracts as a result of partial termination. ] (a) This supplemental agreement settles the termination settlement proposal resulting from the Notice of Termination dated ______________. (b) The parties agree as follows: (1) The contract is amended by deleting the terminated portion as follows: [ specify the terminated portion clearly as to (i) line item numbers, (ii) descriptions, (iii) quantity terminated, (iv) unit and total price of terminated items, and (v) any other explanation necessary to avoid uncertainty or misunderstanding ]. (2) The fee stated in the contract is decreased by $__________, from $__________ to $__________. [ Insert, if appropriate, “(3) The estimated cost of the contract is decreased by $__________, from $__________ to $________.”.] (c) The Contractor's allowable costs and earned fee, if any, for the terminated portion of the contract will continue to be reimbursed on SF 1034, Public Voucher for Purchase and Services Other Than Personal, under the applicable provisions of the contract and part 31 of the Federal Acquisition Regulation. (End of agreement) [48 FR 42447, Sept. 19, 1983, as amended at 82 FR 4714, Jan. 13, 2017]