NIST Contract Closeouts
ID: 03052025CloseoutsType: Special Notice
Overview

Buyer

COMMERCE, DEPARTMENT OFNATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGYUS

Original Source

https://sam.gov/opp/624ed3a743884ddaa72395e72dea2de6/view
Timeline
  1. 1
    Posted Mar 5, 2025, 12:00 AM UTC
  2. 2
    Updated Mar 5, 2025, 12:00 AM UTC
  3. 3
    Due Apr 19, 2025, 9:00 PM UTC
Description

The Department of Commerce, specifically the National Institute of Standards and Technology (NIST), is initiating a Special Notice for the closeout of federal contracts and grants with unliquidated balances of less than $300. This initiative aims to efficiently manage and clear a backlog of expired awards, which complicate NIST's financial systems and hinder modernization efforts. The Streamlined Award Closeout Initiative is crucial for maintaining fiscal accountability and transparency in government spending, as it ensures that unexpended funds are properly documented and released, while upholding contractor rights under federal regulations. Interested parties can reach out to Biji John at biji.john@nist.gov or call 301-975-8567 for further information regarding this opportunity.

Point(s) of Contact
Biji John
(301) 975-8567
biji.john@nist.gov
Files
Title
Posted
Closeouts less than Three Hundred Dollars .pdf
Mar 5, 2025, 10:06 PM UTC
The document outlines financial information related to various vendors and their unliquidated balances associated with federal contracts and grants. It details specific vendor names, award PIINs, delivery order numbers, unliquidated balances, and expiration dates. The information highlights a variety of companies, including Omni Business Systems, Inc. and Microbiologics, Inc., with unliquidated balances ranging from $0.01 to $292.17. The majority of these balances appear to have specific expiration dates, indicating a timeline for potential expiration of funds if not used. This report is significant for tracking the financial obligations and unexpended contracts within federal initiatives, aiding in fiscal management and accountability. It serves as a tool for oversight in government spending related to research, development, and innovation across various sectors. Ultimately, this transparency promotes effective resource allocation and risk management within federal funding processes.
National Institute of Standards and Technology Streamlined Award Closeout Initiative .pdf
Mar 5, 2025, 10:06 PM UTC
The National Institute of Standards and Technology (NIST) is implementing a Streamlined Award Closeout Initiative to effectively manage its backlog of expired awards, including contracts and purchase orders. These awards, with balances ranging from $0 to $300, pose challenges for NIST's legacy financial systems and hinder the transition to modernized systems. The initiative aims to clear this backlog through an efficient process that allows for the closeout of these files. A Release of Liability will be issued to document the government's release from responsibility regarding these awards, which NIST believes have no known outstanding invoices. While the closeout process will expedite the record-keeping, it upholds contractor rights under the Contract Disputes Act, ensuring compliance with federal regulations regarding contract file retention. This initiative reflects NIST's commitment to improving operational efficiency and updating its procurement systems.
Zero Balance Closeouts .pdf
Mar 5, 2025, 10:06 PM UTC
This document serves as a catalog of vendors associated with various federal grants and RFPs, outlining their respective awards, order numbers, unliquidated balances, and expiration dates. Each entry lists the vendor name, award PIIN (Procurement Instrument Identification Number), delivery order details, and the clear unliquidated balance, indicating no outstanding financial obligations as of the report date. The entries also showcase a mix of established and emerging vendors, including companies like SOLV LLC, STRATIVIA LLC, and PROMETHEUS COMPUTING, LLC, with various upcoming contract expiration dates ranging as late as 2025. This document is crucial for tracking government financial commitments and understanding resource allocations across multiple agencies and programs. It reflects the government's commitment to transparency in procurement practices while facilitating oversight of pending contracts and expenditures. Overall, it highlights the systemic organization and monitoring of federal grant and RFP processes at local and state levels, essential for effective governmental operations and fiscal responsibility.
Lifecycle
Title
Type
NIST Contract Closeouts
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