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Which entity leads the contract closeout process?

Process responsibility is defined for Contract Closeout as the Administrative Contracting Officer (ACO) at the Contract Management Office (CMO) leading the Contract Closeout process and ensuring coordination among DCMA personnel, DFAS (or other appropriate payment offices for other government units), the Buying

What is the DD form for contract closeout?

The EDI 567C is the electronic equivalent of the Contract Completion Statement, also known as the DD Form 1594. The Procuring Office will close out their file as soon as practicable after receiving notification from the office administering the contract that all closeout actions are complete (DD 1594 or EDI 567C.)

What is a DD Form 1594?

Form Number: DD 1594. Title: Contract Completion Statement.

What is the process of contract closeout?

The closeout process is a process to finish or resolve all contractual requirements for a physically complete contract. Closeout is completed when all administrative actions have been completed, all disputes settled, and final payment has been made.

Who completes contract closeout checklist?

These steps are summarized in the Contract Closeout Checklist, which shall be completed by the contracting officer and included in the contract file. The contracting officer shall indicate any items that are not applicable (e.g., patent reports, royalty reports, etc.).

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Who is responsible for contract closeout?

(b) Contracting activities are responsible for initiating each contract closeout. Contracting activities and requirements offices are jointly responsible for timely compliance with required contract closeout procedures.

What is the time standard for closing out a contract requiring indirect cost settlement?

(3) Files for contracts requiring settlement of indirect cost rates should be closed within 36 months of the month in which the contracting officer receives evidence of physical completion.

What form is used as the final authority to close the contract?