1753.49—Closeout documents.
(a) General.
The borrower shall be responsible for preparing the closeout documents with, if necessary, the assistance of the GFR.
(b) Documents required.
The following table lists the documents required to closeout the RUS contract Form 515.
| [RUS Form 515] | |||||
| RUS Form No. | Description | No. of copies prepared by | Distribution | ||
|---|---|---|---|---|---|
| Contractor | Engineer | Borrower | Contractor | ||
| 724 | Final Inventory—Certificate of Completion | 2 | 1 | 1 | |
| 724a | Final Inventory—Assembly Units | 2 | 1 | 1 | |
| None | Contractor's Bond Extension (send to RUS when required) | (3) | (to RUS) | (to RUS) | |
| 281 | Tabulation of Materials Furnished by Borrower | 2 | 1 | 1 | |
| 213 | Certificate—“Buy American” | 1 | 1 | ||
| None | Listing of Construction Change Orders | 1 | 1 | ||
| 224 | Waiver and Release of Lien (from each supplier) | 1 | 1 | ||
| 231 | Certificate of Contractor | 1 | 1 | ||
| 527 | Final Statement of Construction | 2 | 1 | 1 | |
| None | Reports on Results of Acceptance Tests | 1 | 1 | 1 | |
| None | Set of Final Staking Sheets | 1 | 1 | ||
| None | Tabulation of Staking Sheets | 1 | 1 | ||
| None | Correction Summary (legible copy) | 1 | 1 | ||
| None | Treated Forest Products Inspection Reports or Certificates of Compliance (prepared by inspection company or supplier) | 1 | |||
| None | Final Key Map (when applicable) | 1 | 1 | ||
| None | Final Central Office Area and Town Maps | 1 | 1 | ||
(c) Closeout procedure.
(1)
After construction has been completed in accordance with the plans and specifications, and acceptance tests have been made, the borrower shall arrange the time for a final inspection to be made by the borrower's engineer, the contractor, the GFR and a representative of the borrower.
(2) Final inventory documents.
(i)
The borrower shall obtain certifications from the engineer that the project and all required documentation are satisfactory and complete. Requirements for these contract closeout certifications are contained in § 1753.18.
(ii)
The borrower shall prepare and distribute the final inventory documents in accordance with the tables contained in this section. The documents listed for RUS shall be retained by the borrower for inspection by RUS for at least two years from the date of the engineer's contract closeout certification.
| [RUS Form 515] | |||
| Sequence | By | Procedure | |
|---|---|---|---|
| Step No. | When | ||
| 1 | Upon Completion of Construction | Borrower's Engineer | Prepares the following: a set of Detail Maps and a set (when applicable) of Key Maps which show in red the work done under the 515 contract; a Tabulation of Staking Sheet; and a tentative Final Inventory, RUS Forms 724 and 724a. |
| 2 | After acceptance tests made | Borrower's Engineer | Forwards letter to the borrower with copies to the GFR stating that the project is ready for final inspection. Schedules inspection date. |
| 3 | Upon receipt of letter from Borrower's Engineer | GFR | Advises borrower whether attending the final inspection will be possible. |
| 4 | By inspection date | Borrower's Engineer | Obtains and makes available the following documents: a set of “as constructed” detail maps and (when applicable) “as built” key maps; a list of construction change orders; the final staking sheets; the tabulation staking sheets; the treated forest products inspection reports or certificates of compliance; the tentative final inventory, RUS Forms 724 and 724a; the tentative tabulation, RUS Form 231 (if borrower furnished part of material); and, a report of results of acceptance tests. |
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| 5 | During inspection | Borrower's Engineer | Issues instructions to contractor covering corrections to be made in construction as a result of inspection. |
| 6 | During inspection | Contractor | Corrects construction on basis of instructions from the borrower's engineer. The corrections should proceed closely behind the inspection in order that the borrower's engineer can check the corrections before leaving the system. |
| 7 | During inspection | Borrower's Engineer | Inspects and approves corrected construction. Marks inspected areas on the key map, if available, otherwise on the detail maps. |
| 8 | Upon completion of inspection | Borrower's Engineer | Prepares or obtains all the closeout documents listed in Table 3. |
| 9 | After signing final inventory | Borrower | Prepares and submits to RUS the engineer's certifications of completion and a Financial Requirement Statement, RUS Form 481, requesting amount necessary to make final payment due under contract. |
| 10 | On receipt of final advance | Borrower | Promptly forwards check for final payment to contractor. |
| 11 | During subsequent loan fund audit review following final payment | RUS Field Accountant | Examines borrower's construction records for compliance with the construction contract and Subpart F, and examines RUS Form 281 (Tabulation of Materials Furnished by Borrower) if any, for appropriate costs. |
(iii)
When the total inventory price exceeds the maximum contract by more than 20 percent, an extension to the contractor's bond is required.
(iv)
The borrower shall submit the engineer's contract closeout certification with FRS for the final advance of funds.
(3)
Final payment shall be made according to the payment provisions of article III of RUS Form 515, except that certificates and other documents required to be submitted to or approved by the Administrator shall be submitted to and approved by the Owner.