Contract Closeout Guide Attachment 5: Decrement Factor – Template and Instructions

Chapter 1– Introduction

1. Purpose
2. Importance of Closeout
3. Authorities and references
4. Applicability
5. Abbreviations and acronyms

Chapter 2 – Closeout:  An Overview

1. Closed Contract
2. Responsibilities
3. Strategies to facilitate timely and effective contract closeout
4. FAR/HHSAR closeout time standards
5. HHS closeout performance metrics
6. Record retention

Chapter 3 – Closeout Procedures

1. Simplified Procedures
2. Standard procedures
3. Closeout procedures unique to Cost Reimbursement contracts
4. Quick closeout of cost-reimbursement contracts
5. Closing task and delivery orders
6. Actions to take in the event that the contractor is no longer a viable entity

Attachments and Enclosures

Attachment 1: Abbreviations and Acronyms

Attachment 2:  Contracting Officer’s Representative (COR) Certification of Contract Completion – Template and Instructions

Attachment 3:   Contracting Officer’s Completion/Expiration Letter – Template and Instructions
Enclosure 1:  Contractor’s Certification – General Provisions – Template and Instructions
Enclosure 2:  Contractor’s Release of Claims and/or Assignment of Refunds, Rebates, Credits, and Other Amounts – Template and Instructions

Attachment 4:   Contracting Officer’s Contract Completion Statement and Certification – Template and Instructions

Attachment 5:   Decrement Factor – Template and Instructions

Attachment 6:   Advance Agreement – Template and Instructions

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HHS Acquisition Policies and Guidance