48 CFR ยง 1252.216-74 - Settlement of letter contract.

1252.216-74 Settlement of letter contract.

As prescribed in (TAR) 48 CFR 1216.603-4, insert the following clause:

Settlement of Letter Contract (OCT 1994)

(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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