The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right

PROCUREMENT PROCESS51Procurement Close-Out (PMBOK^® 12.4, Close Procurements)

What:	Verifying successful performance at the conclusion of outsourced work, completion of documentation, and closure of the contract.
When:	Project execution or closure.
Results:	Receipt of all contract deliverables, payment of final invoices, and termination of the contract.

Verify Completion

At the completion of contracted work, compare the results achieved with the contract requirements (and any approved changes). Validate satisfactory achievement of each specified requirement.

Work with the supplier to resolve any remaining variances, successfully completing all needed work. If the supplier cannot complete some portions of the work, determine the consequences ...