Department of Commerce Low Risk Closeout Initiative

ired, and the time prescribed for contract file closeout has elapsed. SSPO's contract closeout backlog presents not only a significant burden to legacy acquisition and financial systems but also impedes SSPO's efforts to appropriately archive expired contracts and prepare for transition and migratio

n to modernized financial and procurement systems in the future. To clear this backlog of over-age contracts SSPO is implementing a limited-use case procedure that will enable closeout of these contracts in an efficient and cost-effective m