Common use of Contract Expiration and Termination Inventory Procedures Clause in Contracts

Contract Expiration and Termination Inventory Procedures. The contractor shall attend a phase- out GFP transfer and inventory meeting with the Contracting Officer, COR, or OSCOR as required in individual task orders. The Government will schedule the meeting prior to contract completion or termination date as designated by each individual task order. Prior to expiration or termination of the affected task orders, final inventory of all GFP shall be conducted and jointly inspected by the contractor and observed by the Government. The contractor shall prepare, certify, and submit a detailed final inventory report jointly approved by the Government and the contractor. The inventory shall include the same data as required for the initial inventory.