To reduce the backlog of $0 balance and up to $300 NIST awards

The National Institute of Standards and Technology (NIST) is implementing a streamlined award closeout initiative to reduce the backlog of expired awards with zero-dollar balances and up to $300. The initiative aims to enable the closeout of award files in an efficient and cost-effective manner. Contractors are requested to submit a proper invoice for any outstanding requests for payment within 30 days of publication of the notice. The principles used to develop the list of expired awards include firm-fixed-price contracts, labor-hour and time-and-materials contracts with fully burdened hourly labor rates, and no known outstanding invoices. • The initiative is limited to awards with zero-dollar balances and up to $300. • Contractors are required to submit a proper invoice for any outstanding requests for payment within 30 days. • NIST contracting officers may elect to unilaterally deobligate funds starting at 45 days after the date the notice is published. • Contractor rights are protected under the Contract Disputes Act of 1978.