Defense Federal Acquisition Regulation Supplement: Expediting Contract Closeout (DFARS Case 2017-D042)
dfars-acquisition · Defense Federal Acquisition Regulations System · Rule · Published 2021-05-20 · Effective 2021-05-20 · 86 FR 27275
Document
Document number
2021-10580
Federal Register citation
86 FR 27275
CFR reference
48 CFR 204
Type
Rule
Action
Final rule.
Category
dfars-acquisition
Sub-agency
Defense Federal Acquisition Regulations System
Publication date
2021-05-20
Effective date
2021-05-20
DOD docket
Docket DARS-2019-0047
Abstract
DoD is issuing a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to permit expedited contract closeout through a waiver by the contractor and the Government of entitlement to any residual dollar amounts that are due to either party at the time of contract closeout. The changes are necessary to establish an expedited contract closeout agreement that will save administrative costs for both the contractor and the Government.