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U.S. DOD Form dod-dd-1597 CONTRACT CLOSEOUT CHECK-LIST 1. CONTRACT NUMBER Continue on reverse for any comments 2. CONTRACT MODIFICATION NUMBERS If applicable 3. NAME OF CONTRACTOR 6. MILESTONES/CALENDAR MONTHS AFTER PHYSICAL COMPLETION 4. DATE OF PHYSICAL COMPLETION YYMMDD ACTION ITEMS Category 2 FORECAST COMPLETION DATE DATE ACTION COMPLETED YYMMDD a* DISPOSITION OF CLASSIFIED MATERIAL COMPLETED b. FINAL PATENT REPORT SUBMITTED Inventions Disclosures DD882 c* FINAL ROYALTY REPORT SUBMITTED Disclosures f* ISSUANCE OF REPORT OF CONTRACT g. NO OUTSTANDING VALUE ENGINEERING CHANGE PROPOSAL VECP h. PLANT CLEARANCE REPORT RECEIVED i. PROPERTY CLEARANCE RECEIVED DD1593 j. SETTLEMENT OF ALL INTERIM OR DISALLOWED COSTS k. PRICE REVISION COMPLETED l* SETTLEMENT OF SUBCONTRACTS BY THE PRIME CONTRACTOR m* PRIOR YEAR OVERHEAD RATES COMPLETED n* CONTRACTOR S CLOSING STATEMENT RECEIVED o. FINAL SUBCONTRACTING PLAN REPORT SUBMITTED p* TERMINATION DOCKET COMPLETED q. CONTRACT AUDIT COMPLETED s. FINAL ....

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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. This includes those administrative actions that are contractually required; i.e. property, security, patents and royalties.

The Federal Acquisition Regulation (FAR) 42.708, Quick-closeout Procedure, requires the contracting officer responsible for contract closeout to negotiate the settlement of direct and indirect costs for a specific contract, task order or delivery order ready to be closed, in advance of the determination of final direct ...

As a Contract Closeout Specialist, you will be expected to work independently to analyze and process simple and complex contracts for closeout.

The Contracting Officer creates a Closeout Checklist (DD Form 1597) (if the contract is over the Simplified Acquisition Threshold), to document satisfactory completion of all required contract actions prior to closeout.

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.

The CO shall prepare and sign a statement that all required contractual actions have been completed and that the contract is ready for closeout (Appendix E). If another office administers the contract, that administrative office is responsible for closing out the contract in accordance with FAR 4.804-2(b).

01 ULO was used for cancelled funds process prior to the alpha cancelled funds indicator process. ... During the contract closeout process, the CMO is no longer required to obtain PCO authorization to deobligate excess funds.

(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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232