PSHC Spotlight: Contract Closeouts

Timely contract closeout process has been identified as a government-wide issue. Closing contracts in a timely manner can help to limit the government’s exposure to risks by identifying and recovering improper payments to contractors and avoiding paying interest fees when the government does not pay contractors on time. Timely closeout also ensures that the government deobligates and uses unspent funds from completed contracts before the funds expire. Join this session to learn about the resources available to the contracting community to ensure proper and timely contract close out.