Get the free FIXED-PRICE CONTRACT CLOSE-OUT CERTIFICATION

FIXEDPRICE CONTRACT CLOSEOUT CERTIFICATION In the event the PI was able to complete the contracted services for less than the agreed upon rate, the remaining balance may be transferred into a campus

How to fill out fixed-price contract close-out certification

How to fill out fixed-price contract close-out certification

1. Review the fixed-price contract close-out certification form and familiarize yourself with the requirements and details mentioned in the form.
2. Gather all necessary documentation related to the fixed-price contract, including contract agreements, deliverables, invoices, and payment records.
3. Fill out the basic information section of the certification form, including your name, contact information, and the name of the contracting agency or organization.
4. Provide details about the fixed-price contract, such as the contract number, start and end dates, and the scope of work or services.
5. Verify that all deliverables or obligations mentioned in the contract have been completed and delivered as per the specifications.
6. Ensure that all invoices or payments related to the contract have been settled and there are no outstanding dues or disputes.
7. Indicate any deviations or exceptions to the original contract, if applicable, along with the reasons and any relevant supporting documentation.
8. Sign and date the certification form to acknowledge that all information provided is true and accurate to the best of your knowledge.
9. Submit the completed certification form to the appropriate authority or contracting officer for review and approval.
10. Keep a copy of the filled out certification form and supporting documents for your records.

Who needs fixed-price contract close-out certification?

1. Fixed-price contract close-out certification is typically required by individuals or organizations who have entered into a fixed-price contract with a government agency or private organization.
2. Any party involved in a fixed-price contract, such as contractors, suppliers, or service providers, may need to fill out and submit a close-out certification as part of the contract close-out process.
3. Government agencies or organizations that have awarded fixed-price contracts may also request close-out certifications from the contracting parties to ensure that all contractual obligations have been fulfilled and the contract can be officially closed.

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What is fixed-price contract close-out certification?

Fixed-price contract close-out certification is a formal process that verifies all obligations under a fixed-price contract have been fulfilled, ensuring that the contractor has completed all work and the government has received everything as specified in the contract.

Who is required to file fixed-price contract close-out certification?

Contractors who have completed a fixed-price contract with a government agency are required to file the fixed-price contract close-out certification.

How to fill out fixed-price contract close-out certification?

To fill out a fixed-price contract close-out certification, contractors must provide detailed information about the contract completion, confirm that all deliverables have been received, include any final invoices, and certify that all terms of the contract have been met.

What is the purpose of fixed-price contract close-out certification?

The purpose of fixed-price contract close-out certification is to officially document the completion of a contract, preventing any future liabilities, ensuring accountability, and facilitating the release of final payments.

What information must be reported on fixed-price contract close-out certification?

The fixed-price contract close-out certification must report the contract number, completion date, confirmation of deliverables, final costs incurred, any outstanding issues, and a certification statement from the contractor.