§ 1252.216-74 - Settlement of letter contract.

1252.216-74 Settlement of letter contractLetter Contract.

As prescribed in (TAR) 48 CFR 1216.603-4, insert the following clause:

Settlement of Letter Contract (OCT 1994NOV 2022)

(a) This contract constitutes the definitive contract contemplated by issuance of letter contract______ ([insert number) ] dated________ ([insert effective date)]. It supersedes the letter contract and its modification number(s)________ ([insert number(s)) ] and, to the extent of any inconsistencies, governs.

(b) The cost(s) and fee(s), or price(s), established in this definitive contract represents full and complete settlement of letter contract (___[insert number] and modification number(s)________ ([insert number(s))]. Payment of the agreed upon fee or profit withheld pending definitization of the letter contract, may commence immediately at the rate and times stated within this contract.

(End of clause)