Every project is designed for completion and that's what actually project closeout is all about. It occurs in the last phase of the project life-cycle and the entire reason of the project closeout is that you are needed to deliver what you agreed upon. By making sure you delivered the whole thing, you make sure that all stakeholders are pleased and all recognition principles have been met. Once that happens, your project could be closed.
Contract closure is concerned with settling and carrying out of the terms of the contract. It ...