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class="- topic/xref ">204.804-70</xref>, use the following
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clause:</p>
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<p outputclass="Ctr_SmCaps" class="- topic/p ">Expediting Contract Closeout (MAY
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2021)</p>
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2021)</p>
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<ol>
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<li>
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<p class="- topic/p ">
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<ph props="autonumber" class="-topic/ph">(a)</ph>
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At the conclusion of all applicable closeout requirements
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of Federal Acquisition Regulation 4.804, the Government and Contractor
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shall mutually agree on the residual dollar amount remaining on
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the contract. Both the Government and Contractor agree to waive
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payment of any residual dollar amount of $1,000 or less to which
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either party may be entitled at the time of contract closeout.</p>
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either party may be entitled at the time of contract closeout.</p>
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</li>
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<li>
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<p class="- topic/p ">
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<ph props="autonumber" class="-topic/ph">(b)</ph>
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A residual dollar amount includes all money owed to either
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party at the end of the contract and as a result of the contract, excluding
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amounts connected in any way with taxation or a violation of law
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or regulation.</p>
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or regulation.</p>
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</li>
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<li>
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<p class="- topic/p ">
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<ph props="autonumber" class="-topic/ph">(c)</ph>
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For purposes of determining residual dollar amounts, offsets
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(e.g., across multiple contracts or orders) may be considered only
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to the extent permitted by law.</p>
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to the extent permitted by law.</p>
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</li>
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</ol>
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<p outputclass="Ctr" class="- topic/p ">(End of clause)</p>
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</conbody>
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</concept>
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