Contract Close Out Tab

Use this tab to enter and manage contract closeout dates and information.

A contract closeout occurs when all terms of a contract have been met and final payments have been made.

CheckList

Use this group box to indicate the status of the phases/tasks associated with a contract closeout.

Field Description
Completed

For each of the following phases/tasks, select Yes, No, or N/A to specify the status. None is selected by default.

  • Project Complete
  • Customer Requested Closeout
  • All Mods Executed
  • All Subcontracts Closed
  • Financial Reconciliation Complete
  • Incurred Cost Submission
  • Rate Audit Completed
  • Final Invoice Submitted
  • Final Invoice Paid
  • Closeout Package Sent
Date Completed This field is required if you selected Yes in Completed for a phase/task. Enter, or click to select, the date on which the phase/task was completed.
Completed By This field is required if you selected Yes in Completed for a phase/task. Enter, or click to select, the ID of the employee who completed the phase/task. The unlabeled field to the right displays the employee name.

Disposition Summary

Use this group box to enter classified or patented information and any other issues pertaining to the contract.

Field Description
Classified Materials Enter information on classified materials related to the contract.
Government Property Enter government property information.
Inventions or Patents Enter information on inventions or patents related to the contract.
Other Issues Enter any other issues or additional information about the contract.

Final Acceptance

Use this group box to mark the contract as completed and indicate signoff information.

Field Description
To the best of my knowledge, all tasks under this contract have been completed and accepted by the Customer Select this check box if the contract has been completed and accepted by the customer.
Employee Signoff Enter, or click to select, the ID of the employee who determined the final customer acceptance. The unlabeled field to the right displays the employee name.
Signoff Date Enter, or click to select, the final acceptance signoff date.