Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.49.604 Release of excess funds under terminated contracts

1. Referenced termination notice, _____ [insert “completely” or “partially”] terminated contract _____.

2. Based on the best information available, it is estimated that the gross settlement cost will be $_____. The amount available for release as excess to the contract is $_____. Any payments previously made to the Contractor for terminated items have been considered in arriving at the above amounts.

[If prior letters recommending release of excess funds are cited, use the following as paragraph 2:

“The estimated settlement costs previously reported by reference (b) in the amount of $_____ are revised. On the best evidence now available, it is estimated that the settlement costs will be $_____. The additional amount available for release is $_____”.]

3. The related appropriations and amounts involved are:

Copies to:

Paying Office

Accounting and Finance Office

Other