Contract Closeout

Course ID

CON CLO-EL

Continuous Learning Points (CLPs)

16

Course Length

2 Days

Modality

In-Person 

Virtual

Rating

Testimonial

"Very good overview for CORs to help us relate better with our contracting officer and know more about what is expected with contact closeout procedures." – 2019 participant

Description

This two-day, elective course examines one of the most frequently overlooked functions of contract administration: contract closeout. With today’s shrinking budgets, making sure that both the government and the contractor fulfilled all contract obligations is increasingly difficult. Closing contracts can be as critical and important as awarding the contract itself. This course reinforces the importance of this last step and provides an effective means and method for the contracting staff to closeout contracts.

Learning Objectives

• Understand the importance of contract closeouts identifying the typical organizational functions and personnel roles in closeout
• Determine what makes up the major steps in contract closeout and what qualifies as determining that a contract is properly finalized and closed
• Understand the special requirements for closing out cost type contracts
• Understand how to evaluate contractor performance for the life of the contract
• Understand and administer records retention requirements
• Comprehend common closeout issues and how to resolve these

Pre-Requistes

None