Part 169: Closed Procurements

Part 169: Closed Procurements
(OUTPUT Project Procurement Management: Control Procurements)

• A Closed Procurement is one where the seller has fulfilled all its obligations under the contract
• Typically, the buyer will notify the seller, in writing, when the contract is completed
• The contract may contain requirements for formally closing the procurement
• A Procurement is considered closed when
  • All deliverables are provided on time
  • Deliverables are approved by the buyer
  • All the seller’s invoices have been paid