Closeout Process Sample Clauses
The Closeout Process clause defines the procedures and steps to be followed when finalizing or winding down a contractual relationship or project. Typically, this involves settling outstanding obligations, reconciling accounts, returning property, and ensuring all deliverables have been completed or transferred. By establishing a clear process for closure, this clause helps prevent disputes, ensures all parties fulfill their remaining responsibilities, and facilitates a smooth transition at the end of the agreement.
Closeout Process. The Performer shall comply and assist with the contract/agreement closeout process as determined by the Agreements Officer. After the period of performance is completed, the AO shall verify that all work under the agreement has been completed. Once the contract is completed, the AO will begin the close-out process and finalize any outstanding concerns with the Performer. The AO shall send a letter to the performer requesting release of claims.
Closeout Process. Closeout occurs when all required project work and all administrative procedures described in Title 23 (or 49 C.F.R. Part 18 or Part 19, as applicable) are completed, and the Government notifies the Grantee and forwards the final Federal assistance payment, or when the Government acknowledges ▇▇▇▇▇▇▇’s remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Grantee agrees to submit a final Federal Financial Report (SF-425), a certification or summary of project expenses, and third-party audit reports.
Closeout Process. An Enrolled Contractor can make a Request for Final Payment, when it has completed its Work at the Project Site and no longer has on-site workers. The Notice of Contract Completion Form shall be completed by the contractor and submitted to the R/OCIP Administrator.
Closeout Process. Closeout occurs when all required project work and all administrative procedures described in Title 23 (or 49 C.F.R. Part 18 or Part 19, as applicable) are completed, and the Government notifies the Grantee and forwards the final Federal assistance payment, or when the Government acknowledges ▇▇▇▇▇▇▇’s remittance of the proper refund. Within 90 days of the Project completion date or termination by the Government, the Grantee agrees to: (1) submit a final Federal Financial Report (SF-425), a certification or summary of project expenses, and third-party audit reports; and (2) provide a report on the final scope of work, schedule, and budget compared against the scope of work described in section 2.1, the Project’s Schedule Summary in section 2.2, and the Project’s Budget Summary in section 2.3.
Closeout Process. Project closeout occurs when all required project work and all administrative procedures described in 49 CFR section 262.19, as applicable, have been completed, and when FRA notifies the grant recipient and forwards the final Federal assistance payment, or when FRA acknowledges the grant recipient’s remittance of the proper refund. Project closeout should not invalidate any continuing obligations imposed on the Grantee by an award or by the FRA’s final notification or acknowledgment. Within 90 days of the Project completion date or termination by FRA, grantees agree to submit a final Federal Financial Report (SF–425), a certification or summary of project expenses, a final report, and third party audit reports, as applicable.