Search found 14 items
Contract closeout is an important contract administration procedure that involves verifying that goods and services were provided as intended, validating final costs and payments, and freeing excess funds for possible use elsewhere.
In 1996, Congress enacted legislation aimed at decreasing delinquent debts that individuals and non-Federal entities owe the Federal Government.
Most FHWA ARRA Projects Will Be Closed Out Before Funds Expire, but Weaknesses in the Project Close-Out Process Persist
The Federal Highway Administration (FHWA) is responsible for ensuring that States close out projects timely, a critical step towards the final accounting of States’ use of Federal funds.
The Improper Payments Elimination and Recovery Act of 2010 (IPERA) encourages the elimination of payment error, waste, fraud, and abuse in Federal programs.