48 CFR Part 3049 — Termination of Contracts
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PART 3049—TERMINATION OF CONTRACTS Authority: 14 U.S.C. 1155. Source: 88 FR 9771, Feb. 15, 2023, unless otherwise noted. 3049.9001 Policy (USCG). (a) Applicability. (b) Notification. (1) not less than 1 year after the date of the notification; or (2) the date the Commandant notifies the vendor that maintenance of such work product is no longer required. (c) Work Product Defined. (1) Means tangible and intangible items and information produced or possessed as a result of a contract referred to in subsection (b); and (2) Includes— (i) Any completed end items; (ii) Any uncompleted end items; and (iii) Any property in the Contractor's possession in which the United States Government has an interest. (d) Penalty. (e) Requirement. 3049.9002 Contract clause (USCG). USCG contracting officers shall insert the clause at 3052.249-90, Contract Termination (USCG), in all solicitations and contracts, including contracts for commercial items, with a total value of more than $1,000,000.
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