Regulations last checked for updates: Apr 30, 2025

Title 48 - Federal Acquisition Regulations System last revised: Oct 18, 2025
1449.402-3 - 1449.402-3 Procedure for default.

In addition to the requirements of FAR 49.402-3(g), the notice of termination shall contain instructions regarding the disposition of any Government property in the possession of the contractor, and, in the case of construction contracts, materials, appliances, and structures that may be on the construction site. The notice shall also contain a statement concerning the liability of the contractor or its surety for any liquidated damages (See FAR 49.402-7).

authority: Sec. 205(c), 63 Stat. 390, 40 U.S.C. 486(c); and 5 U.S.C. 301.
source: 75 FR 19829, Apr. 15, 2010, unless otherwise noted.
cite as: 48 CFR 1449.402-3