Closeout definition

Closeout means the process by which a Federal awarding agency de- termines that all applicable adminis- trative actions and all required work of the award have been completed by the recipient and Federal awarding agency.
Closeout means the process for Final Completion of the Project, but also includes the requirements for the DSA Certification that the Project is complete for DSA (See DSA Certification Guide). See Article 13.16.
Closeout means the process by which a Federal awarding agency determines that all applicable administrative actions and all required work of the award have been completed by the recipient and Federal awarding agency.

Examples of Closeout in a sentence

  • Closeout of the Award does not alter the record retention or access requirements of this section of the Master Agreement.

  • If the Final Project Reconciliation results in a reduction of total project costs, any resulting SRMC overpayment shall be reimbursed back to the State for return to FEMA prior to FEMA Closeout.

  • Contractor shall prepare and maintain a construction schedule in Xxxxx chart format during the project Construction Administration Phase through the Close-out Phase.

  • Award Closeout will be initiated by the Department after the final payment request has been processed.

  • The format of this Close-out Report shall follow a format prescribed by Grantor.


More Definitions of Closeout

Closeout means the process by which DOL determines that all applica- ble administrative actions and all re- quired work of the award have been completed by the recipient and DOL.
Closeout means the process by which the Department determines that 28 CFR Ch. I (7–1–14 Edition)all applicable administrative actions and all required work of the award have been completed by the recipient and the Department.
Closeout means the contractual requirements that apply after Substantial Completion of the Work and before final payment, as described in SECTION 017801
Closeout means the process by which the Federal awarding agency or pass-through entity determines that all applicable administrative actions and all required work of the Federal award have been completed and the grant may be closed. All reporting related to performance, finances, and other reporting must be submitted no later than 90 days after the end date of the award. New awards may be denied or delayed if existing awards are not properly closed. OSP is responsible for closing grants, awards, and contracts and will do so when the conditions described above are met.
Closeout means the process by which the Grants Officer determines that all applicable administrative ac- tions and all required work of the award have been completed by the re- cipient and the DoC.
Closeout the process by which the Government and CMF determine that all applicable administrative actions and all required work have been completed by the PAH.
Closeout means the process by which the Development Authority determines that all applicable administrative actions and all required work have been completed by the District.