Closeout documents.

CFR · 2024-01-01 · US · Title 7

Closeout of Equipment Contract, RUS Contract Form 395 (RUS Contract Form 395) (including or not including installation) shall be conducted as follows: (a) (b) (c) (d) (1) Obtain from the engineer a certification of partial closeout; and (2) Submit one copy of the summary to RUS with an FRS. (e) (f) Once RUS approval has been obtained for any required amendments, the borrower shall obtain certifications from the engineer that the project and all required documentation are satisfactory and complete. The requirements for the final contract certification are contained in § 1753.18. (g) Once these certifications have been received, final payment shall be made according to the payment terms of the contract. Copies of the certifications shall be submitted with the FRS, requesting the remaining funds on the contract.

official document · source cfr-2024 · id 7:§ 1753.39