Key Definitions
The last day of the compact term
What is Compact End Date
The last day to submit an invoice for works completed prior to CED?
What is March 21, 2021? or What is 60 days after CED?
A written agreement that serves to pass ownership of and responsibilities for an asset from one party to another.
What is an Asset Transfer Agreement?
This tool is used to report and track the status of ongoing and expired contracts and procurements, ensuring that all deliverables are received and accepted and obligations are fulfilled in a timely manner by CED.
What is the Procurement Closure Tracking Tool?
The Accountable Entity will provide this plan to MCC to ensure proper collaboration on key messages and results between MCC and the Accountable Entity.
What is the closure communications plan?
The period of 120 calendar days after the compact end date.
What is the Closure Period?
This final report is due on CCD and reflects cumulative disbursements.
What is the MCDR?
A clear need, ability to further the Compact objective, and the ability to maintain the asset.
What are the requirements for potential recipients of program assets?
The Accountable Entity must initiate any procurement actions related to implementation at least this many days before CED.
What is 30 days?
Records should be kept for this many years after the CED.
What is 5 years?
The principal legal entity designated to implement a Compact.
What is the Accountable Entity?
Examples of these costs include rent, utilities, preparation of final financial reports, retention of records and compensation of limited Accountable Entity staff.
What are closure related expenses?
A program asset which may have significant remaining useful life after the compact closure date.
What is a vehicle?
This final report is submitted to MCC ten days prior to the Closure Date to reflect the final status of all contracts completed under the Compact.
What is the Final Procurement Performance Report?
After the PCP is approved, MCC will deliver this letter to the Principal Representative.
What is an Implementation Letter?
Expenses incurred after the compact end date for activities ordinary and necessary for the closure of the Program.
What are closure expenses?
This payment can be made after the compact closure period by MCC on behalf of the Accountable Entity.
What is the final audit payment?
Examples of this program asset includes patents, photos, designs and reports.
What is an intellectual property?
This is the last day to submit the Contractor Past Performance Reports (CPPRS).
What is 60 days after the CED?
This table is produced by the Accountable Entity to track the results of the Compact and will be due no later than 70 days after the CED for Q20.
What is the indicator tacking table (ITT)?
An assessment prepared by the Accountable Entity that describes the history and evolution of the Compact, results achieved and lessons learned.
What is the Compact Completion Report?
No later than 105 days after CED, these funds should be returned to MCC.
What are permitted account funds?
Sales, Grant, and Discard/recycle.
What are the acceptable options for disposing of program assets?
A public advertisement noting the Compact End Date and should provide information for stakeholders regarding the deadline to submit deliverables to be eligible for payment at least 30 days prior to CED.
What is the final procurement notice?
GSI is funding customer service improvements through…
What are the MSC Amendment and CSC /Waterside rehab?