National Institute of Standards and Technology Streamlined Award Closeout Initiative .pdf
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- Attached to
- NIST Contract Closeouts
- Solicitation number
- 03052025Closeouts
About this file
This is a Special Notice from the National Institute of Standards and Technology (NIST) announcing a streamlined closeout initiative for expired awards in their acquisition portfolio. The notice serves as a Release of Liability of the Government for closing out expired awards with remaining balances between $0 and $300.
The initiative aims to clear a backlog of expired awards including purchase orders, contracts, task orders, delivery orders, and Blanket Purchase Agreements (BPAs) that have exceeded their performance period and FAR-prescribed closeout timeframes. NIST is implementing this expedited process to reduce system burden, properly archive expired awards, and prepare for modernized financial and procurement systems migration. While NIST states there are no known outstanding invoices for these awards, contractor rights remain protected under the Contract Disputes Act of 1978, and standard FAR contract file retention requirements will still apply after closeout.
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Other files
| File | Type | Posted |
|---|---|---|
| Closeouts less than Three Hundred Dollars .pdf | ||
| Zero Balance Closeouts .pdf |
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National Institute of Standards and Technology Streamlined Award Closeout Initiative
The U.S. Department of Commerce, National Institute of Standards and Technology (NIST) acquisition portfolio includes expired awards (i.e., purchase orders, contracts, task orders, delivery orders, Blanket Purchase Agreements (BPA’s) and BPA calls that have long past the period of performance or final delivery date of these awards, and the time frame prescribed in Federal Acquisition Regulation (FAR) Subpart 4.8 for closing out the files for those awards has elapsed. To clear the backlog, NIST is implementing a streamline quick process that will enable closeout of the files for those awards in an efficient and cost-effective manner.
The backlog reflected in the attached spread sheet represents awards with $0 to $300 balances. The balance represents a significant burden to legacy acquisition and financial systems, but also impedes NIST’s efforts to appropriately archive expired awards and to prepare for transition and migration to modernized financial and procurement systems. By using the process described in this notice, NIST hopes to significantly reduce the backlog of expired awards and enable NIST to expeditiously complete closeout of the associated files.
To facilitate the closeout of the awards identified in the attached spreadsheet, this notice serves as a Release of Liability of the Government; a copy of this notice will be in the contract files to reflect the release of liability.
NIST is not aware of any known outstanding invoices for these awards. If you have any questions, regarding this notice, please forward to Biji John at Biji.John@nist.gov.
Notwithstanding NIST’s intention to expeditiously closeout the award files for the actions identified in the attached spreadsheet, contractor rights are protected under 41 U.S.C. chapter 71 Contract Disputes (commonly known as the Contract Disputes Act of 1978), which establishes procedures for filing claims against Federal Government contracts. Normal FAR Subpart 4.8 contract file retention requirements will apply after the awards are closed.
File details come from the government source that posted it. Updated .