§ 304.804-1 - Closeout by the office administering the contract.

Related Notices
- 99-7. Proposed rule with request for comments. 99-7. Acquisition Regulation

Latest version.

(3) Files for all cost-reimbursement type contracts should be closed within 20 months of the month in which the contracting officer receives evidence of physical completion (see FAR 4.804-4). The contracting officer responsible for contract closeout may negotiate settlement of indirect costs for a specific contract, in advance of the determination of final indirect cost rates in accordance with FAR 42.708.

                    
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