Common use of CLOSEOUT PERIOD Clause in Contracts

CLOSEOUT PERIOD. 14.1. This Participating Addendum shall have a Closeout Period that begins thirty (30) days prior to the expiration of this Participating Addendum and continues until the State has determined that all Work has been completed. 14.2. During the Closeout Period, Contractor shall complete all of the following, as directed by the State: 14.2.1. Notify any Subcontractors of the termination of the Participating Addendum, as directed by the State. 14.2.2. Upon expiration or termination of this Participating Addendum, remove all references to the State’s Participating Addendum from its websites, materials and other documentation, and inform entities that Contractor no longer has a Participating Addendum with the State. 14.2.3. The Closeout Period may extend past the termination of the Participating Addendum. The State will perform a closeout review to ensure that Contractor has completed all requirements of the Closeout Period. If Contractor has not completed all of the requirements of the Closeout Period by the date of the termination of the Participating Addendum, then any incomplete requirements shall survive termination of the Participating Addendum.