Closeout Timeline
Quick Closeout: Contracts under $1M should be closed within 6 months of completion
| Action |
Timeline |
Responsibility |
| Submit final deliverables |
At completion |
Contractor |
| Submit final invoice |
120 days |
Contractor |
| Property disposition |
120 days |
Both |
| Patent/data rights |
90 days |
Contractor |
| Release of claims |
Upon payment |
Both |
Closeout Checklist
Administrative
- All deliverables accepted
- Final invoice submitted
- Subcontracts closed
- Property transferred
- Records archived
Financial
- Final voucher certified
- Indirect rate settlement
- Funds deobligated
- Final audit complete
- Final payment received