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2949.111-70 - Settlement review boards.
- Standard Number: 2949.111-70
- Standard Title: Settlement review boards.
- SubPart Number: 2949.1
- SubPart Title: General Principles
(a) Heads of Contracting Activities shall establish settlement review boards for the review of each termination settlement or determination of amount due under the termination clause of a contract or approval or ratification of a subcontract settlement when the action involves $50,000 or more.
(b) Settlement review boards may be established for actions below $50,000 when considered desirable by the Head of the Contracting Activity or when specifically requested by the contracting officer.