Contract Closeout Checklist Dd Form 1597

State:
Multi-State
Control #:
US-0233BG
Format:
Word; 
Rich Text
Instant download

Description

A contract is a binding agreement between two or more parties. This agreement creates one or more obligations. Each party to a contract is legally bound to do, or to refrain from doing, certain acts. The essence of a contract is that by mutual agreemen
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How to fill out Contract Review Checklist?

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FAQ

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.).

(2) For contracts valued above the simplified acquisition threshold, pre- pare a DD Form 1597, Contract Close- out Check List, (or agency equivalent) to ensure that all required contract ac- tions have been satisfactorily accom- plished.

Once the contracting officer verifies all closeout actions have been accomplished, he/she fills out a contract completion statement (DD Form 1594 or equivalent) and places it in the contract file. Some closeout actions are completed in the Mechanization of Contract Administration Services (MOCAS) database.

Disposition of classified material is completed. Final patent report is cleared. Final royalty report is cleared.

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.)

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Contract Closeout Checklist Dd Form 1597