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                            4.804-4 Physically completed contracts.
        
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FAC Number: 2024-03 Effective Date: 02/23/2024
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Subpart4.04.14.24.34.44.54.64.74.84.94.104.114.124.134.144.154.164.174.184.194.204.214.224.23
Section4.8004.8014.8024.8034.8044.805
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4.804-4 Physically completed contracts.4.804-4 Physically completed contracts.       (a)                    						            Except as provided in paragraph (b) of this section, a contract is considered to be physically completed when-                                                         (1)                                                                           (i)                                										                    The contractor has completed the required deliveries and the Government has inspected and accepted the supplies;                                                                              (ii)                                										                    The contractor has performed all services and the Government has accepted these services; and                                                                              (iii)                                										                    All option provisions, if any, have expired; or                                                                                                           (2)                          								                The Government has given the contractor a notice of complete contract termination.                                                                             (b)                    						            Rental, use, and storage agreements are considered to be physically completed when-                                                         (1)                          								                The Government has given the contractor a notice of complete contract termination; or                                                            (2)                          								                The contract period has expired.    **Parent topic:**  4.804 Closeout of contract files.
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