What are the 8 Steps for a Standard Closeout (continued) - Session 7 - Federal Contract Closeout 2024 Series
Federal Contract Closeout Webinar Series - 2024
The Eight Steps as applied to Standard Closeout, Quick Closeout, and Early Closeout- Sessions, Five, Six, and Seven. Introduction to the eight steps and discussion of standard closeout, quick closeout, and early closeout including contractual completion, all forms, reports, and clearances (clean up in terms of contractual requirements, resolve all issues, (subcontractors, claims, filing status, termination issues), final Invoice, final payment, and release, de-obligation of funds, contractual completion forms, past performance evaluation, and appropriately identified closed contract and file.
Learning Objectives
- What are the differences and requirements for Standard, Quick, and Early contract closeouts.
- What are the eight steps for a Standard Closeout
Contract Complete, Verification
Forms, Reports, Resolution of Outstanding Issues
Final Payment
De-obligation of funds
Completion Statements
Past Performance
File Disposal
- What are the basic problems that are being experienced at every step.
- How can those problems be addressed.
- Why quick closeouts are popular in 2024 and the impact that that process is having on the backlogs