A Contracting Officer with delegated authority to administer the termination of a government contract, including negotiating and settling termination proposals, determining allowable costs, and resolving contractual issues arising from the termination. A TCO is typically appointed when the Government terminates a contract for convenience, although they may also have responsibilities in certain termination for default actions. Contractors should work closely with the TCO during the termination process to ensure timely submission of settlement proposals, proper documentation of costs, and compliance with applicable Federal Acquisition Regulation (FAR) requirements.
Termination Contracting Officer (TCO)
A contracting officer with delegated authority to administer a contract's termination and settle related proposals and costs.
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Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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