Closeout Plan. Six months prior to the completion date of the Contract the COR will send a closeout letter with a list of actions that the Contractor has to prepare for closeout. Three months prior to the completion date of the contract the Contractor must submit a close-out plan to the CO and COR. The closeout plan must include, at a minimum, an illustrative property disposition plan; a plan for phase out of operations; a delivery schedule for all reports or other deliverables required under the contract; and a timeline for completing all required actions, including the submission date of the final property disposition to the COR. The closeout plan must also include a financial report which reflects expenditures to date by program element and projected funds to be deobligated. The close-out plan will be approved in writing by the COR.
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