§204.804-70. Contract clause.
48 C.F.R. § 204.804-70
Use the clause at 252.204-7022, Expediting Contract Closeout, in solicitations and contracts, including solicitations and contracts using FAR part 12 procedures for the acquisition of commercial products and commercial services, when the contracting officer intends to expedite contract closeout through the mutual waiver of entitlement to a residual dollar amount of $1,000 or less determined at the time of contract closeout.
Notes, amendments, and revision history
Amendments
[86 FR 27277, May 20, 2021, as amended at 88 FR 6580, Jan. 31, 2023]
Authority
Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.
Source
Source: 56 FR 36289, July 31, 1991, unless otherwise noted.
Amendments
[86 FR 27277, May 20, 2021, as amended at 88 FR 6580, Jan. 31, 2023]