Settlement of Letter Contract.
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Title 48 CFR: Federal Acquisition Regulations System › Chapter 12: DEPARTMENT OF TRANSPORTATION › Part 1252: SOLICITATION PROVISIONS AND C ONTRACT CLAUSES › Subpart 1252.2: Subpart 1252.2—Text of Provisions and Clauses › § 1252.216-74: Settlement of Letter Contract.
Text
As prescribed in 1216.603-4, insert the following clause:
Settlement of Letter Contract (NOV 2022)
(a) This contract constitutes the definitive contract contemplated by issuance of letter contract___[
insert number
] dated___[
insert effective date
]. It supersedes the letter contract and its modification number(s)___[
insert number(s)
] and, to the extent of any inconsistencies, governs.
(b) The cost(s) and fee(s), or price(s), established in this definitive contract represents full and complete settlement of letter contract___[
insert number
] and modification number(s)___[
insert number(s)
]. Payment of the agreed upon fee or profit withheld pending definitization of the letter contract, may commence immediately at the rate and times stated within this contract.
(End of clause)
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