What is the process for administering and closing out a government contract?

In California, the process for administering and closing out a government contract is typically divided into four distinct steps. The first step is the award of the contract. This is when the state or local government agency chooses a winning bidder from the applicants and issues a contract that covers the scope of services and the terms and conditions of the agreement. This will also include a schedule detailing the timeline of the project and the payment process. The second step is contract administration. During this phase, the government agency and the contractor must ensure that the work is performed in accordance with the specifications of the contract and that any changes or modifications made to the agreement are properly documented. This is also when payments are made and any disputes are settled. The third step is the completion of the contract. This is when the government agency and the contractor review the project to make sure it was completed within the terms of the agreement. Finally, the fourth step is closing out the contract. This is when the government agency reviews all final documents and payments to ensure that all aspects of the contract have been fulfilled. Once this is done, the contract is officially terminated and the government agency can make payment for the work completed.

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What is the process for administering and closing out a government contract?

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