1501 5-104....Legal basis for terminations 5-105....Contract provisions relating to termination for convenience of the Government 5-106....Policy as to termination procedures PART 3 ORGANIZATION AND RESPONSIBILITY FOR TERMINATIONS -200....Policy and staff supervision of terminations -201.. .Policy with respect to terminations PROCEDURES RELATING TO TERMINATION OF LUMP PART 1-ACTION TO BE TAKEN PRIOR TO SERVICE OF TERMINATION NOTICE PART 2-SERVICE OF TERMINATION NOTICE AND ACTION CONNECTED THEREWITH PART 4-PREPARATION AND REVIEW OF CONTRACTORS' AND SUBCONTRACTORS' 15-400.... Summary of action to be taken with respect 15-401....Negotiated settlement compared with a formula settlement 15-402....The contractor's statement and proposal settlement 15-403....Content of statement and proposal 15-403.1..General 15-403.2..Statements of cost-alternative bases 5-403.3..Statements of subcontractors 5-403.4.. Post-termination costs 5-404....Form and content of statement of contractors' own charges using inventory basis 5-405....Form and content of statement of contractors' own costs using total cost basis 5-405.1..Suggested form of statement (total cost basis) 5-405.2..Inventories to accompany statement on total cost basis -406....Statements required under both bases 5-406.1..Subcontractor charges -406.2..Transcript of advance payment account, if any, as reflected by books 5-406.3.. Post-termination charges -407-15-408..Reserved -409....Form of certificate to be used by prime contractor when presenting statement -410..Applicability of forms and comments to sub contractors -411....Documentary requirements in support of contractor's statement -412-15-419.. Reserved -420....Accounting review of the contractor's and subcontractors' statements -421.... The Termination Accounting Manual -421.1..Matters included in Termination Accounting Manual -421.2..Termination Accounting Manual not applicable to formula settlements -421.3..Examination of subcontractors' claims -421.4..Termination Accounting Manual not appli cable to sections of contract already on a cost basis -422....Function of the contracting officer in reviewing statements and proposals of contractors -423....Accounting personnel and function in connection with termination settlements 424....Nature of accounting review -424.1..Office review by accounting personnel 424.2..Scope of office review 424.3..Appropriate extent of examination beyond an office review 424.4..Accounting report to contracting officer 424.5..Expediting partial payments 425....Coordination of study of contractor's costs and auditing in certain cases with renegotiation and other termination proceedings 426-15-429..Reserved 430....Statements and proposals of subcontractors 431....Responsibility of contractor to review 432....Standards of scrutiny of subcontractor's statements 133....Office review of the subcontractor's proposed settlement by contractor's accounting personnel 134....Report of contractor's accounting personnel Description 15-435....Appropriate extent of examination beyond and office review 15-436....Responsibility of subcontractors 15-437....Investigation by contracting officer and Government accounting personnel of subcontractor's claim 15-438....Definition of costs (subcontractors) 15-439....Subcontractors' inventories 15-440....Form of certificate of subcontractors' charges on termination 15-441....General basis of settlement 15-442....Contract provisions 15-443....Standard termination article (PR 324); provisions for reimbursement of the contractor 15-443.1..Payments for completed supplies 15-443.2..Uncompleted portion of the contract-negotiated settlement 15-443.3..Uncompleted portion of the contract-formula settlement 15-443.4..Expenses of settlement and post-termination expenses 15-444....The contract article: limitations on reimbursement 15-444.1..Maximum payment 15-444.2..Supplies undeliverable because of destruction or damage 15-444.3..Miscellaneous offsets 15-445....Accounting guides for use in connection with negotiating settlement 15-446....Alternative methods of calculating the contractor's own costs applicable to uncompleted portion of the contract for purposes of an accounting guide 15-447....Treatment of disposal credits 15-448....Claims of subcontractors 15-449....Determination of profit in connection with negotiated settlement 15-450....Contract formula profit computation 15-451....Indicated profit rate computation 15-451.1..Indicated rate-how computed 15-451.2..Application of indicated rate to costs 15-452....Effect on calculations when a loss on the entire contract is indicated 15-453....Total cost method of computation illustrated where profit is indicated 15-454....Total cost method of computation illustrated where no profit is indicated 15-455....Limitation on amount of settlement 15-456-15-479..Reserved 15-480....Necessity for determining costs 15-481....Statement of Principles for Determination of Costs upon Termination of Government Fixed Price Supply Contracts 15-482....General Principles 15-483.... Initial Costs 15-484....Excluded costs 15-487....Bond premium computation 15-488-15-499.. Reserved |