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TEXAS HISTORICAL COMMISSION November 20, 2017Contract Management HandbookTable of Contents General Provisions ................................................................... 1 Planning and Development
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Contract termination closeout refers to the process of completing all necessary actions to officially end a contract, including finalizing any outstanding obligations and closing out the contract.
The party responsible for managing the contract, typically the contracting officer or contract administrator, is required to file the contract termination closeout.
Contract termination closeout forms can usually be filled out online or through a designated portal provided by the contracting agency. The form will require information regarding the contract, the termination reason, and any outstanding obligations.
The purpose of contract termination closeout is to ensure that all contractual obligations have been met, all deliverables have been received, and all necessary documentation has been finalized before officially ending the contract.
Information such as the contract number, termination reason, date of termination, outstanding obligations, final deliverables, and any relevant communications should be reported on the contract termination closeout form.
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