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Often the last thought in your mind when your job is running full speed ahead is project closeout. A successful closeout is key to your financial success because it allows you to receive final payments. It’s all about the closeout process. A successful closeout is important for receiving final payouts. Key Takeaways.
Handover is often thought of as happening only at the end of a project. But project handover really spans the lifecycle of a project as it involves multiple stakeholders, processes, and activities within that lifecycle. For that reason, it’s critical to get handover right from the very beginning.
Owners and clients expect a seamless handover, which is the key to efficient facility management and operations. For contractors, a clean handover process is also a way to win more work and retain loyal clients. But while closeout is essential, planning for a seamless handover happens well before ground is broken.
Project Closure (Steps 10-12) “I just love doing project closeout,” said nobody, anytime in the history of mankind. An analysis of 39 projects by MSU found that the average length of closeout was 284 days. The final step of project closeout is delivering the handover package to the client.
Key features of the enhanced Operational Readiness Platform include: Accelerated Turnover Package Consolidates all required documentation, images and warranty information for building systems and equipment into a cohesive package, automating handover processes and ensuring day one readiness.
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