Term
| As a Contract Officer Representative, how would you find information about final payments? |
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Definition
| Review the closeout checklist to see when payment can be made. |
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Term
| What does the contract closeout need to include, before the Governments acceptance of final delivery? |
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Definition
-Final invoice or voucher processing
-Final payment
-De-obligation of excess funds to use for other Government needs |
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Term
| Which FAR covers, Closeout of Contract Files? |
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Definition
| FAR 4.804, Closeout of Contract Files |
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Term
| What constitutes physical contract completion? |
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Definition
| When the government gives the Contractor a notice of completed contract. |
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Term
| How long does a Contract Officer have to complete the administrative closeout? |
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Definition
| Within six months after evidence of physical completion. |
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Term
| What does the acronym PPIRS, stand for? |
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Definition
| Past Performance Information Retrieval System |
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