Closeout definition

Closeout means the contractual requirements that apply after Substantial Completion of the Work and before final payment, as described in SECTION 017801

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Closeout means the process by which the Federal awarding agency or pass-through entity determines that all applicable administrative actions and all required work of the Federal award have been completed and the grant may be closed. All reporting related to performance, finances, and other reporting must be submitted no later than 90 days after the end date of the award. New awards may be denied or delayed if existing awards are not properly closed. OSP is responsible for closing grants, awards, and contracts and will do so when the conditions described above are met.

Closeout the process by which the Government and CMF determine that all applicable administrative actions and all required work have been completed by the PAH.

Examples of Closeout in a sentence

• Through submission of the DAR, the PI and Requester agree to submit a Project Renewal or Project Close-out prior to the expiration date of the one (1) year data access period.

• To assure adherence to NIH GDS Policy, the PI agrees to provide annual Progress Updates as part of the annual Project Renewal or Project Close-out processes, prior to the expiration of the one (1) year data access period.

• The PI agrees that if they change institutions during the access period they will complete the Project Close-out process (See Term 12 for more details) before moving to their new institution.

• All equipment purchased with System Agency funds must be secured by Grantee at the time of Closeout, or termination of this Contract, and must be disposed of according to the System Agency’s disposition instructions, which may include return of the equipment to System Agency or transfer of possession to another System Agency Grantee, at ▇▇▇▇▇▇▇’s expense.

• At the end of the term of a Contract that has no additional renewals or that will not be renewed (Closeout), or when a Contract is otherwise terminated, Grantee will submit to the SUD email box, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇▇▇.▇▇.▇▇ an inventory of equipment purchased with System Agency funds and request disposition instructions for such equipment.

More Definitions of Closeout

Closeout means the normal process by which the awarding agency determines that all applicable administrative actions and all required work on the annual Grant have been completed.

Closeout means the contractual requirements that apply after Substantial Completion of the Work and before final payment, as described in Specification SECTION 017800

Closeout means the process by which the Federal awarding agency or pass- through entity determines that all ap- plicable administrative actions and all required work of the Federal award have been completed and takes actions as described in § 200.343 Closeout.

Closeout means the process by which the Development Authority determines that all applicable administrative actions and all required work have been completed by the District.

Closeout means the process by which the Department determines that all necessary administrative actions and all required Grant activities have been completed by the Grantee.

Closeout means the process by which the Federal awarding agency or pass- through entity determines that all ap- plicable administrative actions and all required work of the Federal award have been completed and takes actions as described in § 200.343 Closeout. Cluster of programs means a grouping of closely related programs that share common compliance requirements. The types of clusters of programs are re- search and development (R&D), student financial aid (SFA), and other clusters. ‘‘Other clusters’’ are as defined by OMB in the compliance supplement or as designated by a state for Federal awards the state provides to its sub- recipients that meet the definition of a cluster of programs. When designating an ‘‘other cluster,’’ a state must iden- tify the Federal awards included in the cluster and advise the subrecipients of compliance requirements applicable to the cluster, consistent with § 200.331 Requirements for pass-through enti- ties, paragraph (a). A cluster of pro- grams must be considered as one pro- gram for determining major programs, as described in § 200.518 Major program determination, and, with the exception of R&D as described in § 200.501 Audit requirements, paragraph (c), whether a program-specific audit may be elected.

Closeout means the completion of cleanup and publication of notice in accordance with the provisions of CERCLA, the NCP and USACE procedures.