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Contract Closeout

Summary

Contract closeout is a critical, but often forgotten, piece of the Contract process.  This seminar will focus on what contractors need to move the close out process through to completion, efficiently and effectively.  Achieving closeout will ensure final payments are made, audit issues are concluded, past performance evaluations are submitted and any open issues are resolved.  Timely close out efforts result in reduced contract administration and ensure a greater likelihood that contractors still have and can provide all the documentation necessary to achieve a favorable contract close out. 


Learning Objectives

  • Analyze the basic steps needed to close out a contract or task/delivery order and tips about how to accomplish them to the mutual benefit of both contractor and agency alike;
  • Identify the differences in the close out process depending upon the type of contract awarded;  
  • Explain the importance of new FAR compliance requirements;
  • Discuss a real life closeout scenario situation to familiarize attendees with the process and the competing considerations. 

Continuing Education Credits

CLP 

This course is recommended for 8 CLP credits.

CPE (Accounting - Governmental)

6.5 credits may be earned for this course. 

 

CEU

0.60 credits may be earned for this course.

 

CLE

5.5 CLE (Pending approval in VA). 

 

CLE Jurisdiction Approval

  • This course has been approved for CLE in CA, OH, and PA, and is pending approval in VA. 
  • PCI is an accredited sponsor, approved by the State Bar of Texas, Committee on MCLE. If credit is needed in TX, please contact PCI at least 45 days prior to the training. 
  • Through reciprocity, CLE may also be received in AK, AZ, AR, CO, FL, HI, IL, ME, MT, NJ, NY, ND, OR, WA, WV, and WI (additional state requirements may apply).
  • If you are seeking CLE credits for a jurisdiction other than the ones listed above, please contact Jess@PublicContractingInstitute.com.



PDU

This course can be submitted to Project Management Institute (PMI) for PDU.  Upon their approval, it may be worth 5.5 PDU credits.

 

 CPE


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