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Project Management

Closeout

In Plain English

The final phase where all loose ends are tied up, documents are handed over, and the project is officially finished.

Definition

Project closeout is the final phase of a construction project during which the contractor completes all punch list items, submits as-built drawings, operation and maintenance manuals, warranties, and attic stock, obtains the certificate of occupancy, achieves substantial and final completion, and receives final payment. A thorough closeout process protects the owner's investment and the contractor's final payment.

Example

The superintendent tracked 127 punch list items in the closeout log and completed all of them within three weeks of substantial completion.

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