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Web604.804-70 Contract closeout procedures. (a) This section sets forth procedures for closing out contracts awarded using other than simplified acquisition procedures by contracting activities and requirements offices. It is the Department's policy to close out contracts in the time frames prescribed by FAR Part 4. WebWhat Is the Federal Acquisition Regulation? The FAR is a regulation, codified in Parts 1 through 53 of Title 48 of the Code of Federal Regulations (C.F.R.).8 As is discussed in …
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