Contract Closeout procedures can vary widely based on contract type, complexity of the contract, price adjustments, and even from agency to agency and contracting officer to contracting officer.
Government contractors must understand their role in contract closeouts to ensure their interests are full protected. Contract closeout represents the final step in the contracting process for a government contract. Unresolved or outstanding issues should be addressed and resolved before executing a release of claims.
Prior to government prime contractors closing out their contract with the government, it is important to closeout subcontracts and resolve any issues as well.
Our one-day Contract Closeout course for government contractors focuses on the elements of contract closeout — from final delivery to final payment — and highlights solutions to common mistakes that can lead to closeout delays or losing the ability to address any issues affecting contractor/subcontractor costs.
You’ll Learn How To:
- When and how to begin preparing for contract closeout
- Understand what the government’s objective is for contract closeout
- Know when to use quick closeout procedures or desk reviews
- Comply with recordkeeping and retention requirements
- Handle delays, price adjustments, terminations, and other special issues
Who Should Attend:
- Government contractor personnel with responsibility for contract administration
- Anyone on a closeout team who needs to be up-to-date on the rules, regulations, and best practices
- Light refreshments
- Course materials
Book now!Price: $695
Client Price: $625