Section 27-3715. TERMINATION OF COST-REIMBURSEMENT CONTRACTS FOR DEFAULT

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3715.1The termination clause of a cost-reimbursement type contract shall require the contracting officer to provide the contractor with at least ten (10) days notice before issuance of a notice of termination for default.

3715.2Settlement of a cost-reimbursement contract terminated for default shall be in accordance with the provisions of §3703, except as follows:

(a) The costs of preparing the contractor's settlement proposal shall not be allowable; and

(b) The contractor shall be reimbursed for all allowable costs and an appropriate reduction shall be made in the total fee, if any.

source

Final Rulemaking publishing at 35 DCR 1703 (February 26, 1988).

                    
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