FAR Part 49

FAR Part 49 outlines the procedures for contract termination by the U.S. government. It provides guidelines on how to handle contracts that need to be canceled before completion, whether for convenience or due to default. This part ensures that both the government and contractors understand their rights and responsibilities during the termination process. It includes details on proper notifications, settlement of costs, and how to address any unresolved issues. The goal is to facilitate a fair and orderly resolution while protecting taxpayer interests and ensuring contractors receive their entitled compensation.