Before a construction project is ultimately complete it must be “closed-out.” Essentially the process includes three components:
Regulatory
Regulatory close-out - The contractor and design professionals associated with the construction must obtain and submit to the SCA all of regulatory agency documentation necessary to legally occupy or utilize the project. Regulatory agencies include NYCDOB, FDNY, DEP, NYC Parks Dept, Labor Dept, NYCDOT among others as applicable.
Financial
Financial close-outs - The SCA’s financial obligations for a project must be finalized. All change orders, purchase orders, claims etc must be resolved and all final payments to contractors, consultants, vendors etc. contracted or otherwise engaged on the project must be issued.
Administrative
Administrative close-out - All documentation required by the contract other than that required for regulatory close out must be obtained and submitted to the SCA. This includes, among other things, warrantees, guarantees, training acknowledgements and receipts from school personnel documenting that they have received items required by the contract to be given to the school (i.e. attic stock, keys etc.).