SF1435

Settlement Proposal (Inventory Basis)

Agency
GSA
Revision
Rev. 10/2023
Fillable fields
331
Pages
6
Official source
GSA form page
Checked
October 20, 2026
Fill SF1435 online
Page 1 of form SF1435

Standard Form 1435 (SF 1435): Settlement Proposal (Inventory Basis)

Standard Form 1435 (SF 1435), Settlement Proposal (Inventory Basis), is a six-page termination settlement proposal. The form says it is For Use by a Fixed-Price Prime Contractor or Fixed-Price Subcontractor. The footer says it is prescribed by GSA under FAR (48 CFR) 53.249, and GSA hosts it in its forms library; GSA's page lists the authority as FAR (48 CFR) 53.249(a)(2). The edition printed on the form is STANDARD FORM 1435 (REV. 10/2023), with OMB Control Number 9000-0012 and an expiration date of 8/31/2028.

Page 1 identifies the contract, the termination and any assignee. Section I shows the status of the contract or order at the effective date of termination, and Section II builds the proposed settlement in 20 items, from inventory categories such as metals and work-in-process down to the net payment requested. Schedules A to H give the detail, and a certificate is signed for the contractor.

The form estimates 2.5 hours to read the instructions, gather the facts and answer the questions. You can fill it out free in your browser on this page and download the result without an account.

Top of page 1 of Standard Form 1435 (SF 1435): Settlement Proposal (Inventory Basis), as printed by GSA

What's on SF 1435

Page 1: contract and termination

Prime contract or subcontract, company, Government agency, contract and reference numbers, effective date of termination, proposal number, interim or final, any assignee, and whether SF 1439 is attached.

Section I: status at termination

For each product, quantity and dollars previously shipped and invoiced, on hand, included in this proposal, to be completed (partial termination only), not to be completed, and total covered.

Section II: items 1 to 13

Metals, raw materials, purchased parts, finished components, miscellaneous inventory, work-in-process, special tooling and special test equipment, other costs, general and administrative expenses, profit and settlement expenses.

Section II: items 14 to 20

Settlement with subcontractors, acceptable finished product, gross proposed settlement, disposal and other credits, net proposed settlement, advance, progress and partial payments, and net payment requested (Item 18 less 19).

Schedules A to H

Analysis of inventory cost, other costs, general and administrative expenses, profit, settlement expenses, settlements with immediate subcontractors and suppliers, disposal and other credits, and advance, progress and partial payments.

Certificate and signatures

Certifications as to the Contractor's own charges and as to the subcontractors' charges, a note on FAR 15.403, and the signature lines.

How to complete SF 1435

  1. 1

    Identify the contract and termination

    Check prime contract or subcontract, then enter the company, Government agency, contract and reference numbers, effective date of termination and proposal number, and mark Interim or Final.

  2. 2

    Note any assignee and SF 1439

    If moneys payable under the contract have been assigned, give the assignee's name and address. Check whether SF 1439, Schedule of Accounting Information, Is or Is Not Attached; the form says to explain below if not.

  3. 3

    Show the status in Section I

    For each product covered by the terminated contract or purchase order, enter quantity and dollar amounts in columns (b) to (g).

  4. 4

    Build the settlement in Section II

    Enter items 1 to 20. The form says to use columns (b) and (c) only where a previous proposal has been filed; column (d) is the total proposed to date.

  5. 5

    Detail the schedules

    Fill Schedules A to H for the items that draw on them. The form says small items may be grouped into one entry in Schedules B, C, D and G, and to continue on a separate sheet where space is insufficient.

  6. 6

    Sign the certificate

    An authorized official signs for the contractor with a title and date, and the name and title of the supervisory accounting official are added.

Why fill Form SF1435 on indox

You get the real form, filled in a browser tab, with nothing standing between you and the finished PDF.

  • Fill the form right in your browser, no software to install
  • Free to fill and free to download, with no account
  • The official blank straight from the GSA, not a copy someone retyped
  • Works on a phone, tablet or computer

Submission, time and notes

Where it goes

The PDF gives no filing address. Page 1 names the Government agency and prime contract number. The GSA address in the burden notice is for comments on the time estimate.

Time to complete

The form estimates 2.5 hours. Comments go to U.S. General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street, NW, Washington, DC 20405.

OMB control number

OMB Control Number 9000-0012, Expiration Date 8/31/2028. The notice says you do not need to answer these questions unless a valid OMB control number is displayed.

Cost or pricing data

The form notes that the Contractor shall, under conditions stated in FAR 15.403, be required to submit a Certificate of Current Cost or Pricing Data (see FAR 15.406-2 and 15.408 Table 15-2).

Edition notes

The footer says Authorized For Local Reproduction and Previous Edition Is Not Usable.

Related forms

Who completes SF 1435?

  • Fixed-price prime contractors

    A check box marks a proposal that applies to a prime contract with the Government, with the name of the Government agency and the Government prime contract number.

  • Fixed-price subcontractors

    A second box covers a subcontract or purchase order, with lines for the subcontract or purchase order numbers and the name and address of the contractor who sent the notice of termination.

  • The contractor's authorized official

    The certificate is signed by the undersigned individually and as an authorized representative of the Contractor, with the name of the contractor, a title and a date.

  • The supervisory accounting official

    A line under the signature takes the name and title of the supervisory accounting official.

  • The contracting agency

    Section II and every schedule have a column marked For Use of Contracting Agency Only.

The form says it is For Use by a Fixed-Price Prime Contractor or Fixed-Price Subcontractor. Its blocks name these roles.

Official sources and the blank

Do it all with indox

View all 94 tools

Questions about Form SF1435

Who issues SF 1435?

The footer says it is prescribed by GSA under FAR (48 CFR) 53.249. GSA hosts a copy in its forms library, and its page lists FAR (48 CFR) 53.249(a)(2).

Who uses SF 1435?

The form says it is For Use by a Fixed-Price Prime Contractor or Fixed-Price Subcontractor. It is signed by an authorized official of the contractor.

What is the difference between an interim and a final proposal?

Page 1 has a Check One box for Interim or Final but does not define them. In Section II, the form says to use columns (b) and (c) only where a previous proposal has been filed.

What if SF 1439 is not attached?

Page 1 asks whether SF 1439, Schedule of Accounting Information, Is or Is Not Attached, and says to explain below if it is not.

How does SF 1435 differ from SF 1436?

SF 1435 builds the settlement on an inventory basis, starting from metals, raw materials, parts and work-in-process. SF 1436, Settlement Proposal (Total Cost Basis), starts from direct material, direct labor and indirect factory expense.

What does the certificate cover?

It certifies that the contractor's own charges were prepared from its books of account and records and are fair and reasonable, and covers the contractor's review of its immediate subcontractors' settlement proposals.

How long does SF 1435 take to fill out?

The form estimates 2.5 hours to read the instructions, gather the facts and answer the questions.