8-205 Duties of Prime Contractor After Receipt of Notice of Ter- 8:7 ARMED SERVICES PROCUREMENT REGULATION Paragraph 8-206 Duties of Termination Contracting Officer After Issuance of Page 8:8 8-208 Audit of Prime Contract Settlement Proposals and of Subcon- 8:10 8-215 8-216 8-217 Settlement of Unadjusted Contract Changes....... Terminated Contracts With Canadian Commercial Corporation 8:21 8:22 8:22 Part 3—Additional Principles Applicable to Fixed-Prince Contracts Page Paragraph 8-309 Equitable Adjustment in Unit Prices Under Fixed-Price Con- 8:28 Part 4-Additional Principles for Cost-Reimbursement Type Contracts 8-602 Termination of Fixed-Price Supply Contracts for Default..... 8:33 8-702 8-703 Termination Clause for Cost-Reimbursement Type Contracts.... 8:38 8:38 8-704 Research and Development Contracts with Educational and 8:41 8-705 Short Form Termination Clauses for Fixed-Price Type Con- 8:42 ARMED SERVICES PROCUREMENT REGULATION 8-710 Default Clause for Fixed-Price Research and Development 8:45 8-711 8-712 Default Clause for Fixed-Price Architect-Engineer Contracts .... 8:45 8:45 8-803 DD Form 547-Settlement Proposal for Cost-Reimbursement TERMINATION OF CONTRACTS Part 1-Definition of Terms 8-101 Definitions. As used in this Section, the following terms have the meaning stated below: 8-101.1 Amount of Claim or Settlement. When the action to be taken under this Section depends upon the amount of a termination claim or settlement, then, in determining such amount, (i) credits for retention or other disposal of termination inventory allocated to the claim and for advance or partial payments shall not be deducted from the gross claim or settlement; but (ii) amounts payable for completed articles or work at the contract price, or for the settlement or discharge of termination claims of subcontractors, shall be deducted. 8-101.2 Common items means material which is common in nature to both the terminated contract and the contractor's other work. 8-101.3 Continued portion of the contract means that portion of a partially terminated contract which relates to work or end items not already completed and accepted prior to the effective date of termination and which the contractor must continue to perform. 8-101.4 Contractor-acquired property is property procured or otherwise provided by the contractor for the performance of a contract, whether or not the Government has title by the terms of the contract, or exercises its contractual right to take title. 8-101.5 Contractor inventory means (i) any property acquired by and in the possession of a contractor or subcontractor (including Government-furnished property) under a contract pursuant to the terms of which title is vested in the Government, and in excess of the amounts needed to complete full performance under the entire contract; and (ii) any property which the Government is obligated to or has an option to take over under any type of contract as a result either of any changes in the specifications or plans thereunder or of the termination of such contract (or subcontract thereunder), prior to completion of the work, for the convenience or at the option of the Government. 8-101.6 Disbursing Officer means the officer or agent of the office designated as the paying office under the contract. 8-101.7 Effective date of termination means the date upon which the notice of termination first requires the contractor to stop performance, in whole or in part, under the contract. If, however, the termination notice is received subsequent to the date fixed for termination, then the effective date of termination means the date on which the notice is received. 8-101.8 Government-furnished property is property in the possession of or acquired directly by the Government, and subsequently delivered or otherwise made available to the contractor. 8-101.9 Material means property which may be incorporated into or attached to an end item to be delivered under a contract or which may be consumed or expended in the performance of a contract. It includes, but is not limited to, raw and processed material, parts, components, assemblies, and small tools and supplies which may be consumed in normal use in the performance of the contract. 8-101.9 ARMED SERVICES PROCUREMENT REGULATION |