Contract Closeout
This event qualifies for 1.1 CEUs
This event qualifies for 11 CLPs
Contract closeout procedures can vary widely based on contract type, complexity of the contract, price adjustments, and numerous other factors. It is important for Contracting Officers, CORs, ACO’s and other members of the close out team to be up to date on the rules, regulations, procedures and best practices involved in this essential task. Building a solid relationship with the cognizant players, such as payment and audit offices, the contractor, and labor representatives can help perfect the process as well.
This 2-day course focuses on the elements of contract close out from — final delivery to final payment — highlighting solutions to common mistakes that can lead to close out delays and interest and penalty payments. You’ll learn how to:
- Apply the proper close out procedures for the contract type
- Work with payment, audit and other offices involved in the closeout
- Know when to use quick closeout procedures or desk reviews
- Comply with recordkeeping and retention requirements
- Handle delays, price adjustments, terminations and other special issues
Topics:
- When does contract close out begin?
- Duties of the Contracting Officer/COR (FAR 4.8)
- The Close Out Process
- Standard Times for Close Out
- Contractor Performance Information
- Handling Contract Files
- Contract Completion Statement
- Contract Close Out Checklist
- The Impact of Contract Type on Close Out
- Firm Fixed Price Contracts
- Cost Reimbursement Contracts
- Time and Materials or Labor Hour Contracts
- Task and Delivery Order Contracts
- Simplified Acquisition Contracts
- Close Out Audits
- Costs
- Interim or Disallowed Costs
- Subcontractor Costs
- Final Indirect Cost Rates
- Price Revisions
- Economic Price Adjustments
- Incentives
- Value Engineering Change Proposals
- Quick Close Out Procedures
- Close Out after Termination
- Invoicing and Final Payment
- Recordkeeping and Reporting Requirements
- Contract Completion Statements
- DD Form 1594
- MOCAS
- Working with the Close Out Team
- Payment Offices
- Audit Agencies
- Contractor – Buying Office Responsibilities
- Special Players (IG, Office of Counsel, DOL, DOJ)
- Special Issues
- Disposition of classified material
- Data and Patent Rights/Intellectual Property
- Government-Furnished Property
What’s Included:
- Breakfast (Breakfast and registration open at 7:30am)
- Light refreshments
- Course Materials
Speaker and Presenter Information
Relevant Government Agencies
Air Force, Army, Navy & Marine Corps, Intelligence Agencies, DOD & Military, Office of the President (includes OMB), Dept of Agriculture, Dept of Commerce, Dept of Education, Dept of Energy, Dept of Health & Human Services, Dept of Homeland Security, Dept of Housing & Urban Development, Dept of the Interior, Dept of Justice, Dept of Labor, Dept of State, Dept of Transportation, Dept of Treasury, Dept of Veterans Affairs, EPA, GSA, USPS, SSA, NASA, Other Federal Agencies, Legislative Agencies (GAO, GPO, LOC, etc.), Judicial Branch Agencies, State Government, County Government, City Government, Municipal Government, CIA, FEMA, Office of Personnel Management, Coast Guard, National Institutes of Health, FAA, Census Bureau, USAID, National Guard Association, EEOC
This event has no exhibitor/sponsor opportunities
When
Tue-Wed, Jun 21-22, 2016, 8:30am - 4:00pm
Cost
Registered User: | $750.00 |
Where
1953 Gallows Road
Suite 650
Tysons Corner, VA 22182
Get directions
Website
Click here to visit event website
Organizer
Centre Law and Consulting
Join the event conversation:
@CentreLawGroup