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Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.536.7106 Construction contract closeout

Current as of January 02, 2025 | Updated by Findlaw Staff

Unless the contract has been converted to a standard firm-fixed-price contract (see 536.7105–8)—

(a) The contracting officer shall ensure that the construction contractor's proposal for final settlement is accurate and reliable in accordance with the open book accounting practices of the contract.

(b) In accordance with 536.7105–3(c), the contracting officer shall obtain an independent audit of the construction contractor's costs.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.536.7106 Construction contract closeout - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-536-7106/

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