The formal process of finishing all remaining work, handing over documents, and closing out the contract.
Project closeout is the formal process of completing all contractual obligations, documenting final conditions, and transferring the completed facility to the owner. It includes completing the punch list, obtaining the CO, submitting as-builts and O&M manuals, releasing liens, demobilizing from the site, and processing final payment. Closeout is frequently the most administratively intensive and drawn-out project phase.
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