Transformation in Department of Defense Contract Closeout

Abstract

Two short years ago, mentioning the words "contract closeout" would have drawn a critical eye or a scoffing laugh out of many in the acquisition community. These critics would never have believed that contract closeout was destined to become a priority at the highest levels of the Department of Defense (DoD). Yet, in the past few years there has been a reversal in the way acquisition professionals view contract closeout. It has undergone wholesale transition from the least important part of a contract's life to a very important part, bringing with it a renewed emphasis on closing contracts in a timely manner. DoD has even gone so far as to create specific metrics to track the progress of the Services in closing contracts, and has focused management's attention on the issue. So what is it that has created this shift in priorities? What are some of the most glaring problems in tackling contract closeout? And what are some ways of correcting these problems? This paper points out many of the problems involved in contract closeout and proposes potential solutions to those problems.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2003
Accession Number
ADA498746

Entities

People

  • Christopher Parker
  • Michael Busansky

Organizations

  • Naval Postgraduate School

Tags

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Administrative Personnel
  • Batch Processing
  • Business Administration
  • Contract Administration
  • Contractors
  • Contracts
  • Department Of Defense
  • Governments
  • Indirect Costs
  • Inventory
  • Management Personnel
  • Organizational Structure
  • Personnel Management
  • Procurement
  • Public Policy

Readers

  • Defense Acquisition Program Management
  • Educational Psychology
  • Optical Fiber Sensing and Electromagnetic Propagation.