This virtual course is being broadcast simultaneously from the FPS classroom/in-person version of this course.

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

This live virtual course is eligible for both CLE and CPE credit.
Have questions on how to participate in an FPS Virtual Course? Click here for more information.