30 Day Notice Closeout of OPM Over-Age Firm-Fixed-Price Contracts

30 Day Notice Closeout of OPM Over-Age Firm-Fixed-Price Contracts AGENCY: Office of Personnel Management (OPM). ACTION: Final Invoice or Release of Claims. SUMMARY: The Office of Personnel Management (OPM) currently has contracts that are considered over-age, as the period of performance or final delivery date of these actions has expired and the time allowed for contract file closeout has elapsed. To clear the backlog of over-age contracts, OPM has developed procedures that would enable the Agency to closeout these elapsed actions in an efficient and cost-effective manner. OPM’s contract closeout backlog not only poses a significant burden to OPM’s acquisition and financial systems, but it also impedes OPM’s on-going efforts to strengthen and modernize its financial management practices. The procedures OPM developed to significantly reduce the number of expired contracts with unliquidated funds will enable OPM to expeditiously close these actions. OPM has determined it prudent and efficient to closeout expired contracts that meet the following conditions: Firm-fixed priced contracts awarded in or prior to Fiscal Year (FY) 2014 Period of performance has expired Records indicate payment rendered for satisfactory contract performance/delivery Lack of invoice or payment activity occurred over the past year, and The time allowed for contract closeout under FAR 4.804-1(a) has elapsed The attached 30-Day Notice letter is provided to aid in the closeout process and the completion and submission of the attached Release of Claims Statement.