Contract Closeouts

Course Number
NIHTC9563
Description

This one day training addresses the proper close out and disposal procedures specific to Research & Development (R&D) contracts, Cost Reimbursement contracts, Fixed Price, Time & Materials and GSA Schedule contracts. The course shall focus on how to determine when quick closeout is preferable as well as a review of all quick closeout process and requirements. Moreover, students will be instructed on the importance of proper administration of Government Furnished Property to include a review of all pertinent Federal laws on file maintenance and storage.

Key Topics
  • Review of specific HHS Disposal Procedures
  • Discussion of closeout procedures based on contractual type
  • Quick closeouts
  • Review of HHS Government Furnished Property (GFE) disposal procedures and storage
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