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Contract Closure Process

Contract Closure Process
By Elyse Nielsen

  • The Procurement Management Plan – The Procurement Management Plan is the play book for how to manage the Contract Closure process and to interweave it with other processes.
  • The Contract Management Plan – The Contract Management Plan details how to manage the contract on significant purchases, throughout the life of the contract. A project team commonly refers to the Contract Management Plan for any contract closure guidelines surrounding a purchase. By providing information for the necessary documentation, delivery, and performance requirements, the team can assure the seller has met all obligations necessary for the contract to be closed.
  • Contract Documentation – Contract documentation encompasses the contract, requested changes to the contract, approved changes to the contract, schedules, seller-developed technical documentation, and seller performance reports. Teams review contract documentation to ascertain what was in the contract originally and how that changed overtime. Additionally the team will use contract documentation to determine how the seller is reporting its performance.
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