Common use of SUBCONTRACT CLOSEOUT Clause in Contracts

SUBCONTRACT CLOSEOUT. If indirect rates do not apply (e.g. for firm fixed price or labor hour Subcontracts), Seller agrees to submit within thirty (30) days after the end of each Subcontract period of performance, the Closeout Package provided in Attachment G of this MTC Agreement. Seller shall submit a final invoice bearing the statement, “FINAL INVOICE.” Buyer may unilaterally close-out this Subcontract if the Seller fails to submit the close-out documentation within the specified time period.

Appears in 2 contracts

Sources: Master Transitional Contracting Agreement, Master Transitional Contracting Agreement (Science Applications International Corp)