48 CFR 536.7106
536.7106 Construction contract closeout.
United States · 48 CFR — Federal Acquisition Regulations System · Status: effective
Cite this
- Citation
- 48 CFR 536.7106, 536.7106 Construction contract closeout, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/245809
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.