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Title 48: Federal Acquisition Regulations System
CHAPTER 1: FEDERAL ACQUISITION REGULATION
SUBCHAPTER G: CONTRACT MANAGEMENT
PART 49: TERMINATION OF CONTRACTS
Subpart 49.4: Termination for Default
49.405 - Completion by another contractor.
If the surety does not arrange for completion of the contract, the contracting officer normally will arrange for completion of the work by awarding a new contract based on the same plans and specifications. The new contract may be the result of sealed bidding or any other appropriate contracting method or procedure. The contracting officer shall exercise reasonable diligence to obtain the lowest price available for completion.
[48 FR 42447, Sept. 19, 1983, as amended at 50 FR 1746, Jan. 11, 1985; 50 FR 52429, Dec. 23, 1985]
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