Which of the following statements depicts the key difference between contract close-out and administrative closure?

the false statement in the caption presented is, the close project proces is necessary for managing the contract and relationship between the buyer and sellser.

Option. B depicts the key difference between Contract Close-out and admin closure. Just elaborating to explain the same :- Contract close-out and administrative closure both are conducted during the Closing process group. However, Contract Close-out is done first followed by admin closure. In contract close-out Project Manager/Contract Manager checks & verifies if all the work was competed and comissioned satisfactorily. It is checked weather the final product is same as per the contract or not and could it meet the end user need or not ? This process is called "Product Verification" as mentioned in Option B. Where as administrative closure is an internal process whereby the contract/project manager handover the end product/service to the operational team (end user) with all necessary docuements required for its operations & maintenance. e.g. As built CAD dwgs, tech sheets, Warranty/Gurantee docs, Key suppliers contact details, various assets handover sheet etc. Upvote(0) Downvote Reply (0) Report Muhammad Farooq by Muhammad Farooq , Project Management, NKY Architects & Engineers - 2 years ago The most suitable option is B. Contract close-out includes product verification. Upvote(0) Downvote Reply (0) Report Abdul Rehman by Abdul Rehman , Electrical Sales Engineer, Perfect Quality Metal Works LLC - 2 years ago My answer to this question is option E Upvote(0) Downvote Reply (0) Report More Questions Like This Which of the following statements are true regarding the procurement audit? Top Answer: The correct answer to cCCCCCC See More Answers (9) One way contract closure differs from administrative closure is? Top Answer: D. Administrative closure means verifying that the project is complete or terminated; contract closure me ... See More Answers (4) One way contract closure differs from administrative closure is:? Top Answer: D. Administrative closure means verifying that the project is complete or terminated; contract closure me ... See More Answers (2) What does contract close out contain? Top Answer: A. All of the other alternatives apply for close out of contract See More Answers (10) Which of the following BEST explains the difference between a seller audit during Administer Procurements and a procurement audit during Close? Top Answer: Option C is correct. Procurement audit examines success and failures. Seller audit review product create

Option. B depicts the key difference between Contract Close-out and admin closure.

Just elaborating to explain the same :-

Contract close-out and administrative closure both are conducted during the Closing process group. 

However, Contract Close-out is done first followed by admin closure. 

In contract close-out Project Manager/Contract Manager checks & verifies if all the work was competed and comissioned satisfactorily. It is checked weather the final product is same as per the contract or not and could it meet the end user need or not ? This process is called "Product Verification" as mentioned in Option B. 

Where as administrative closure is an internal process whereby the contract/project manager handover the end product/service to the operational team (end user) with all necessary docuements required for its operations & maintenance. e.g. As built CAD dwgs, tech sheets, Warranty/Gurantee docs, Key suppliers contact details, various assets handover sheet etc. 

The most suitable option is

B. Contract close-out includes product verification.

My answer to this question is option E