Contract Closeout definition

Contract Closeout means the date that the services are complete.
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Contract Closeout means the date that the services are complete as per the Construction Lien Act.
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Contract Closeout means the date that the services are complete as per the schedule of work outlined in the Articles of Agreement.
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Examples of Contract Closeout in a sentence

  • All information systems development or enhancement tasks supported by the contractor shall follow the HHS EPLC framework and methodology or and in accordance with the HHS Contract Closeout Guide (2012).

  • FINAL COMPLETION, means the final completion of all requirements under the Contract, including Contract Closeout as described in Section K but excluding Warranty Work as describedin Section I.2, and the final payment and release of all retainage, if any, released.

  • At the discretion of HCJFS, a Contract Closeout may occur within ninety (90) days after the completion of all contractual terms and conditions.

  • The COR is responsible for providing necessary assistance to the Contracting Officer in performing Contract Close-out in accordance with FAR 4.804, Closeout of Contract Files.

  • Refer to Section 01 77 00 - Contract Closeout, for substantial completion details.

  • The purpose of the Contract Closeout is to verify that there are no outstanding claims or disputes and to ensure all required forms, reports and deliverables were submitted to and accepted by HCJFS in accordance with Contract requirements.

  • FINAL COMPLETION, means the final completion of all requirements under the Contract, including Contract Closeout as described in Section K but excluding Warranty Work as described in Section I.2, and the final payment and release of all retainage, if any, released.

  • The Contractor shall provide this written certification as part of submittals under the Section in the Project Manual related to Contract Closeout.

  • Division 1 Section "Contract Closeout" specifies contract closeout procedures.

  • Division 1 Section "Contract Closeout" for coordinating contract closeout.


More Definitions of Contract Closeout

Contract Closeout means the process by which the parties determine that all applicable administrative actions and all required work of the contract have been completed by the contractor and the department. “Suspension” of a contract means temporary withdrawal of the contractor’s authority to obligate contracted funds pending corrective action by the contractor or a decision to terminate the contract.
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Contract Closeout means the final process or final steps to be taken upon completion or termination of a contract. It may include such operations as processing final payment, recovering all equipment purchased according to the terms of the contract, or recovering any overpayment.
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Contract Closeout. If the amount payable by the Owner to the Contractor is less than the Guaranteed Maximum Price, The Contractor shall submit for Owner’s review and approval, a Draft of the Final Change Order that shows the calculations to arrive at a reduced and adjusted Guaranteed Maximum Price and clearly describes the amounts for the Final Payment, payable by the Owner to the Contractor to include the Contractor’s Incentive Payment. See Attached Final Change Order Example.
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Contract Closeout. The term “Contract Closeout” means the process by which the Contractor documents fulfillment of all obligations under the Contract. This process follows Final Acceptance of the construction portion of the Work. Contract Closeout is a condition precedent to final payment.
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Related to Contract Closeout

  • Project Completion Schedule means the progressive Project Milestones set forth in Schedule-J for completion of the Project Highway on or before the Scheduled Completion Date;

  • EPC Contractor means Seller’s engineering, procurement and construction contractor or such Person performing those functions.

  • Project Completion means completion of the Redevelopment in accordance with this Agreement to the state where the whole of the Xxxxxx Shopping Centre, as so redeveloped, is capable of occupation for its intended purpose;

  • Project Completion Date means the date on which the Completion Certificate is issued;

  • Completion Schedule means the fulfilment of the Related Services by the Supplier in accordance with the terms and conditions set forth in the Contract;

  • Construction Phase Services means the coordination, implementation and execution of the Work required by this Agreement, which are further defined in Article 8.

  • Central Contractor Registration (CCR) database means the primary Government repository for Contractor information required for the conduct of business with the Government.