49.100  Scope of subpart.

(a)  This subpart deals with-

(1)  The authority and responsibility of contracting officers to terminate contracts in whole or in part for the convenience of the Government or for default;

(2)  Duties of the contractor and the contracting officer after issuance of the notice of termination;

(3)  General procedures for the settlement of terminated contracts; and

(4)  Settlement agreements.

(b)  Additional principles applicable to the termination for convenience and settlement of fixed-price and cost-reimbursement contracts are included in Subparts 49.2 and 49.3. Additional principles applicable to the termination of contracts for default are included in Subpart 49.4.