What are the different types of contract closeout processes in government contracts?

In Washington, there are several different types of contract closeout processes in government contracts. The most common process is the administrative closeout process, which typically requires the contractor to submit a final invoice, voucher, and any other paperwork requested by the contracting officer. This paperwork then needs to be reviewed, approved, and accepted before the contract can be considered closed. Another process that is commonly used is a termination for convenience. This occurs when the government decides to cancel the contract for reasons other than breach on the part of the contractor. In this situation, the contractor may receive partial payment for any completed work and must submit an agreement to not pursue any additional payments. Finally, contracts may also be closed out due to a breach of contract on the part of either the government or the contractor. If the government finds that the contractor has violated the terms of the contract, they may proceed with cancellation without any further payment to the contractor. On the other hand, if the contractor has breached the contract, they may be required to pay a penalty or damages to the government. In summary, the different types of contract closeout processes in Washington include administrative closeout, termination for convenience, and breach of contract. Each process has its own set of requirements and procedures that must be followed in order to close out the contract in a compliant manner.

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What are the different types of contract closeout processes in government contracts?

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