48 CFR 49.402-4 - Procedure in lieu of termination for default.
The following courses of action, among others, are available to the contracting officer in lieu of termination for default when in the Government's interest:
(a) Permit the contractor, the surety, or the guarantor, to continue performance of the contract under a revised delivery schedule.
(b) Permit the contractor to continue performance of the contract by means of a subcontract or other business arrangement with an acceptable third party, provided the rights of the Government are adequately preserved.
Title 48 published on 2014-10-01.
No entries appear in the Federal Register after this date, for 48 CFR Part 49.