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CONTRACTORS CLOSE-OUT PACKET

CONTRACTORS CLOSE-OUT PACKET 2025

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The document is a Contractors Close-Out Packet that includes essential forms and affidavits required for the finalization of a construction project. It contains a Contractors Draw Request, Subcontractors List, Contractor's Final Affidavit, Waiver of Lien, and a Final Inspection Report/Owner's Acceptance Statement. These documents ensure that all financial obligations are met, work is completed satisfactorily, and necessary approvals are obtained before the release of final payments to the contractor.

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What is a construction closeout package?

Construction project closeout is the last step of a project when all the final assets are handed to the owner or client. Both the physical facility or project has been completed and all documentation and issues have been resolved according to contract requirements.

What is the contract closeout process?

A Contract Closeout occurs when a contract has. met all the terms of a contract and all administrative. actions have been completed, all disputes settled, and final payment has been made.

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