Common use of Final Decision Clause in Contracts

Final Decision. (1) If the Deciding Official’s final decision is that revoca- tion is not warranted, the company and the agency will be notified of the basis of this decision and the complaint against the company will be dismissed. (2) If the Deciding Official’s final de- cision is that the company’s certificate of authority shall be revoked, the De- ciding Official will notify the company and the agency of the revocation deci- sion and the basis for such decision. Except as provided in paragraph (g) of this section, the notice will afford the company an opportunity to cure its noncompliance by paying or satisfying the bonds (including payment of any interest, penalties, and fees) forming the basis of the final decision within 20 business days. If the company cures its noncompliance within 20 business days, the complaint against the company will be deemed moot and the company will retain its certificate of authority to write Federal bonds. If the company does not cure its noncompliance within 20 business days, the company’s certifi- cate of authority shall be revoked by Treasury without further notice.