Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 48 - Federal Acquisition Regulations System |
Chapter 1 - Federal Acquisition Regulation |
SubChapter A - General |
Part 4 - Administrative Matters |
Subpart 4.8 - Government Contract Files |
§ 4.804-4 - Physically completed contracts.
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4.804-4 Physically completed contracts.
(a) Except as provided in paragraph (b) below of this section, a contract is considered to be physically completed when -
(1)
(i) The contractor has completed the required deliveries and the Government has inspected and accepted the supplies;
(ii) The contractor has performed all services and the Government has accepted these services; and
(iii) All option provisions, if any, have expired; or
(2) The Government has given the contractor a notice of complete contract termination.
(b) Rental, use, and storage agreements are considered to be physically completed when -
(1) The Government has given the contractor a notice of complete contract termination; or
(2) The contract period has expired.
[48 FR 42113, Sept. 19, 1983, as amended at 72 FR 27383, May 15, 2007; 84 FR 19841, May 6, 2019]