48 CFR § 252.204-7022

48 CFR · Federal Acquisition Regulations System

§ 252.204-7022 — Expediting Contract Closeout.

TitleTitle 48: Federal Acquisition Regulations System PartPart 252: Solicitation Provisions and Contract Clauses

SourceeCFR (current through Apr 2, 2026)

This text of 48 C.F.R. § 252.204-7022 (Expediting Contract Closeout.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

48 C.F.R. § 252.204-7022 (2026).

Text

252.204-7022 Expediting Contract Closeout. As prescribed in 204.804-70, use the following clause: Expediting Contract Closeout (MAY 2021)

(a)At the conclusion of all applicable closeout requirements of Federal Acquisition Regulation 4.804, the Government and Contractor shall mutually agree on the residual dollar amount remaining on the contract. Both the Government and Contractor agree to waive payment of any residual dollar amount of $1,000 or less to which either party may be entitled at the time of contract closeout.

(b)A residual dollar amount includes all money owed to either party at the end of the contract and as a result of the contract, excluding amounts connected in any way with taxation or a violation of law or regulation.

(c)For purposes of determining residual dollar am

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252.204-7022 Expediting Contract Closeout.

As prescribed in 204.804-70, use the following clause:

Expediting Contract Closeout (MAY 2021)
(a) At the conclusion of all applicable closeout requirements of Federal Acquisition Regulation 4.804, the Government and Contractor shall mutually agree on the residual dollar amount remaining on the contract. Both the Government and Contractor agree to waive payment of any residual dollar amount of $1,000 or less to which either party may be entitled at the time of contract closeout.

(b) A residual dollar amount includes all money owed to either party at the end of the contract and as a result of the contract, excluding amounts connected in any way with taxation or a violation of law or regulation.

(c) For purposes of determining residual dollar amounts, offsets (e.g., across multiple contracts or orders) may be considered only to the extent permitted by law.

(End of clause) [86 FR 27277, May 20, 2021]