Skip to main content
FAR

FAR

FAC Number: 2024-03
Effective Date: 02/23/2024

42.900 Scope of subpart.

42.900 Scope of subpart.

This subpart prescribes policies and procedures regarding actions to be taken when a contractor enters into proceedings relating to bankruptcy. It establishes a requirement for the contractor to notify the contracting officer upon filing a petition for bankruptcy. It further establishes minimum requirements for agencies to follow in the event of a contractor bankruptcy.

Far Parts