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Overview
Our expert instructors will begin by addressing why efficient closeout is important to both the Government and the Contractor, how closeout affects the Government’s overall acquisition strategy, how closeout is affected by the choice of contract type, and how proper file documentation and management can facilitate closeout actions. Efficient contract management procedures established upfront will make closeout much easier.

The course will also include pointers for navigating a successful closeout audit, discussion of alternative contract termination scenarios, and the impact of the new FAR Compliance requirements on closeout. Finally, our instructors will cover techniques for simplifying closeout, using Early and Quick Closeout as well as Final Closure.


This course will teach participants the important procedures you should know to follow through with the post-completion phase of a government contract. Students will learn how the contract closeout process does not start at the end of the contract, but actually starts in the acquisition phase and continues throughout the life of the contract. Participants will learn how to develop and follow a process that makes the final closeout more efficient and effective.

Practical, group exercises will be a special feature of this two-day workshop as participants will identify closeout issues of particular concern. Participants will learn how to develop a best practices worksheet and check list that they can use on the job.

This workshop will cover subjects from FAR & DFAR guidance for closing contracts by type of contract. One contract closeout process does not fit all. This course will cover a range of subjects that will arm you with the knowledge necessary to craft the right process for your particular contract.


Who should attend:

Contractors and procurement professionals who need to understand the proper closeout procedures of a contract. Customers should have working knowledge of the Federal Acquisition Regulation and agency supplements along with a few years of experience working with contracts.
Customers in these related functions should attend:
• Managers of Contracts
• Directors, VPs, Officers
• Attorneys
• Finance and Compliance Professionals
• Contracts Managers and other Professionals

Learning Objectives:
Upon successful completion of the course you will:
  • Recognize and refer to the regulations governing closeouts
  • Develop procedures on closeouts
  • Understand differences in contract types and closeout options
  • Learn best practices in communications with all parties involved in the closeout process
  • Understand the roles and responsibilities during the closeout process
Dates/Locations
June 14-15, 2021
American Management Association
Arlington, VA
Travel Info
Standard: $1,275.00
Premium: $1,670.00
Register
Agenda
8:00 AM - 3:00 PM
Schedule for Orlando, La Jolla and Hilton Head Weeklong Conferences
9:00 AM - 4:00 PM
Schedule for All Other Locations

DAY 1

Introduction and Course Summary                                                                 
The Environment:
Major Players and Laws
Overview of Acquisition Life Cycle
The FAR and Acquisition Planning                                                         
Contract Types and Risks for Closeout
Contract Administration
Questions and Answers (Part 1)                                                 

Steps for Managing Contract Closeout
Contract Closeout Overview
Timeframes
Players
Appropriations                                                                                                                                                                            

Steps for Managing Contract Closeout, cont.
            Procedure and Processes                                                                      

Questions and Answers, and Scenarios (Part 2)
                                               
Contract Closeout Processes, cont.                                                                

DAY 2

Special Processes
Quick Closeout
Fixed Price Contracts                                                                           
Cost Plus Contracts
Indirect Rates
Other Contracts
Early Closeout  
Wide Area Work Flow
Questions and Answers, and Scenarios (Part 3)                                                                                                                                                      
Lessons Learned
            Reasons for Contract Closeout Delay
            What Contracting Officers Should Do
            What Contractors Should Do                                                                 

Related Processes
Audits
Termination for Default
Termination for Convenience
Compliance Requirements                                                                     

Scenarios (Part 4)                                                                                            

The Future
Systemic Issues – Proposed Rule
Other Streamlining Initiatives
DCAA Letter

Experts
  • Jake Leishman
    Attorney
    Jake Leishman is an experienced government contracts attorney who develops and delivers instruction, legal consultation on legal, contract administration, acquisitions, policy implementation, and compliance issues.

    Jake began as a social worker then moved to education, serving as the Direct...
Accreditation
See Individual Courses For Available Credits
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
CPE: Continuing Professional Education
Field of Study: Specialized Knowledge
Delivery Method: Group-Live Classroom
Federal Publications Seminars is affiliated with West Professional Development and is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.
CPE Hours
This program is eligible for: 13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group Live
CLP: Continuous Learning Points
Approved for CLP by Defense Acquisition University
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
CLP Hours
This program is eligible for: 11.0 (CLP) hours of credit
CLE: Continuing Legal Education
States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.
CLE Hours
This program is eligible for: 11.0 (60 minutes), 13.0 (50 minutes)
Travel
American Management Association
2345 Crystal Drive, Second Floor
Arlington, VA, 22202
5714812208
Hotel & Room Block Info

There is not a room block for this location. However, the AMA offers special hotel rates. Click here to see rates and reserve a hotel room.

General Information

Food & Beverage

Coffee service, water, hot tea, soda and juice will be available in the facility all day. Lunch is on your own and an afternoon snack will be served.

Level
  • 100
    Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
  • 200
    Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
  • 300
    Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
  • 400
    Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
  • 500
    Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.