Who settles terminated contracts?

The Termination Contracting Officer (TCO) is uniquely designated to handle the settlement of terminated contracts. This role encompasses the responsibility of evaluating the termination claims, determining the final settlement amount, and facilitating negotiations between the parties involved.

The TCO operates within the framework of specific regulations and guidelines that govern contract terminations, ensuring that the process is adhered to in a fair and equitable manner. This individual is equipped with the requisite expertise to navigate the complexities of terminated contracts, addressing issues such as the settlement of costs incurred by the contractor and any remaining obligations.

While other roles such as the Contracting Officer (CO) or Administrative Contracting Officer (ACO) have significant responsibilities in the overall management of contracts, they do not typically specialize in the process of termination and settlements, which is the primary function of the TCO. The Contracting Officer's Representative (COR) supports project-level management but does not have the authority to settle contracts, particularly terminated ones. Therefore, choosing the TCO reflects an understanding of the specialized duties involved in resolving issues related to contract terminations.