48 CFR § 252.204-7022 - 252.204-7022 Expediting Contract Closeout.

---
identifier: "/us/cfr/t48/s252.204-7022"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 252.204-7022 - 252.204-7022   Expediting Contract Closeout."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "252.204-7022"
section_name: "252.204-7022   Expediting Contract Closeout."
chapter_number: 2
chapter_name: "DEFENSE ACQUISITION REGULATIONS SYSTEM, DEPARTMENT OF DEFENSE"
subchapter_number: "H"
subchapter_name: "CLAUSES AND FORMS"
part_number: "252"
part_name: "SOLICITATION PROVISIONS AND CONTRACT CLAUSES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "41 U.S.C. 1303 and 48 CFR chapter 1."
regulatory_source: "56 FR 36479, July 31, 1991, unless otherwise noted."
cfr_part: "252"
---


# 252.204-7022 252.204-7022   Expediting Contract Closeout.

As prescribed in 204.804-70, use the following clause:

****Expediting Contract Closeout (MAY 2021)

(a) At the conclusion of all applicable closeout requirements of Federal Acquisition Regulation 4.804, the Government and Contractor shall mutually agree on the residual dollar amount remaining on the contract. Both the Government and Contractor agree to waive payment of any residual dollar amount of $1,000 or less to which either party may be entitled at the time of contract closeout.

(b) A residual dollar amount includes all money owed to either party at the end of the contract and as a result of the contract, excluding amounts connected in any way with taxation or a violation of law or regulation.

(c) For purposes of determining residual dollar amounts, offsets (e.g., across multiple contracts or orders) may be considered only to the extent permitted by law.

****(End of clause)

[86 FR 27277, May 20, 2021]