PNWC's Government Contracting Update

DoD FAR Proposed Regulation to Expedite Closeout of Old Contracts

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Earlier this month we reported DoD’s class deviation to FAR 4.804-5(a)(3) that allows contracting officers to close out contracts (or groups of contracts) without completing a reconciliation audit or other corrective action under certain circumstances (see Special Closeout Authority for Old Contracts).

Source: PNWC’s Government Contracting Update: DoD FAR Proposed Regulation to Expedite Closeout of Old Contracts

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