Within 90 days of the project closing date, the Project Director will be contacted to provide the necessary information. The variety of sponsor requirements makes it difficult to initiate a single closing form or procedure. In many cases, the closing can be completed with a brief phone call. However, it may be necessary for DRDA or Property Control to send out a notice that will require a written response. It is in the best interest of the University to act promptly in completing the closing process on project accounts because it saves money and protects the good name of the institution.
Most federal agencies withhold final payment on projects until all required documents are delivered.