Common use of CONTRACT CLOSE OUT Clause in Contracts

CONTRACT CLOSE OUT. To ensure that the Contractor meets all its M/WBE contractual commitments, BDDD will review the Contractor’s M/WBE utilization throughout the term of the Contract, including any term extensions of the original Contract period, prior to receiving final payment. If a Contract includes a M/WBE contractual commitment, the Contractor must report all M/WBE payments using BDDD’s online reporting system and submit Final Pay Period Activity Report (with verifying information) concurrent with the Contractor’s submission of final payment request.

CONTRACT CLOSE OUT. To ensure that the Contractor meets all its M/WBE contractual commitments, BDDD will review the Contractor’s M/WBE utilization throughout the term of the Contract, including any term extensions of the original Contract period, prior to receiving final payment. If a Contract includes a M/WBE contractual commitment, the The Contractor must report all final M/WBE payments using BDDDthe Airport Board’s online reporting system Diversity Management System and submit a data entry confirmation with the final payment request or Final Pay Period Activity Report (with verifying information) concurrent with if the Contractor’s submission of final Contract was awarded prior to 2012. In addition, the Contractor must ensure all subcontractor payment requestverifications are complete in order for BDDD to close out the Contract.