Department of Commerce Low Risk Closeout Initiative

The Department of Commerce's Shared Services Procurement Office (SSPO) is implementing a limited-use case procedure to clear its backlog of over-age contracts. The procedure will enable the closeout of these contracts in an efficient and cost-effective manner. The contracts are identified as low risk based on certain criteria, such as the contract period of performance expiring during or prior to the end of Fiscal Year 2020 or 2024, and the absence of invoice or payment activity within the past 12 months. Contractors with contracts on the list are requested to submit any outstanding invoices to the cognizant invoicing office with a copy to [email protected] by April 30, 2026. • The contracts are considered low risk based on specific criteria. • The procedure will enable the closeout of these contracts in an efficient and cost-effective manner. • Contractors have 45 days after the publication of the notice to submit any outstanding invoices. • The SSPO will begin implementing streamlined closeout procedures on May 1, 2026. • Contractors' rights are protected under 41 U.S.C. chapter 71 Contract Disputes.