Thw 2 years is for them to finalize G&A, subcontract OH, benes, etc. Which is done annually.  Univ rates are longer term and provisional after.  Hence the 90 day vs 2 year differences in close-outs.

Mary Kate DeMarco <xxxxxx@GMAIL.COM> wrote:

>Hi All,
>
>I'm wondering if there is anyone out there at a university (preferably state
>institution) who has experience with DOD contracts and sub contracting with
>a for-profit that would be willing to field some questions.  Specifically,
>I'm wondering about terms and conditions you might incorporate to avoid
>timing issues with close out.  It is my understanding that Defense
>contractors have two years to finalize their fees while we have 90 days to
>close out our contracts.  If you respond to me off list at xxxxxx@uri.edu,
>I can call you.
>
>Thanks,
>
>Mary Kate DeMarco
>University of Rhode Island
>
>
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