2008 NCMA World Congress Presentation - Contract Closeout

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Katherine Woodall

Career Business Technology

Breakout Session # 311 Jack R. Hott CPCM , Manager, Data Systems & Practices Fellow Battelle Memorial Institute Vincent M. Krivda CPCM Senior Subcontracts Officer Fellow Battelle Memorial Institute Katherine A. Woodall Student Intern, BGSU Battelle Memorial Institute Date April 16,2008 Time 2:40 – 3:40 Contract Closeout Basics for Buyers and Sellers

Important Closeout Questions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

What is Administrative Closeout? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What is Physical Competition? ,[object Object],[object Object],[object Object],[object Object]

How do You Know it is Physically Complete? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Are there any outstanding contract issues? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What actions are needed for administrative closeout? ,[object Object],[object Object],[object Object],[object Object],[object Object]

How long do we have to close the contract? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

When does the final invoice need submitted? ,[object Object],[object Object],[object Object]

What needs to be on the final release? ,[object Object],[object Object],[object Object]

Conclusion ,[object Object],[object Object],[object Object],[object Object]

Conclusion – The Real Bottom Line ,[object Object]

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