Contract closeout is required for all government contracts to establish the final contract price and make the final contract payment. The process starts when contract performance is complete for a contract and ends when all administrative actions have been completed, all disputes settled, and final payment has been made. The process can be simple or complex depending on contract attributes such as type (e.g. firm-fixed price, cost-reimbursement), period of performance, significance and type of subcontracted work and the volume of property.
FAR 4.804-5, Procedures for Closing Out Contract Files, provides the basic procedures for the administrative closeout of contracts. While seemingly straight forward, successful contract closeout requires an in-depth knowledge of this clause and the other contractual requirements included in the contract that impact contract closeout. This course is designed to provide specific guidance in contract closeout and what you need to know and do related to the other contractual requirements.
Upon completion of this course, the participant should know the US Government’s requirements for conducting contract closeout and how the related contractual requirements impact the contract closeout process including:
5.5 CLE/ 6.5 CPE (Finance/Business Law)/0.6 CEU credits may be earned for this course. This course is recommended for 8 CLP credits.
This course has been approved for CLE in CA, PA, VA and TX. Because this activity has been approved in another CLE jurisdiction, you may also receive credit for participation in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, and WI (additional state requirements may apply). If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact us for additional information.
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 5.6 PDU credits.
Tuesday, August 28, 2018 9:00 AM - 4:00 PM
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The Fort Worth Club306 West Seventh Street- 11th FloorFort Worth, Texas 76102USA
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