What is typically included in the final project invoice during closeout?

The final project invoice during closeout typically includes warranties and guarantees. This is crucial as it reflects the commitments made by the contractor regarding the quality and performance of the work completed. Warranties ensure that the client has recourse if the work does not meet specified standards or if defects arise within a certain timeframe after project completion. Including these elements in the final invoice assures clients that they are protected against potential issues, fostering trust and satisfaction with the project's execution.

Other elements like cost estimates or projected timelines do not belong in the final invoice since the project has already been executed and completed. Proposals for future work, while potentially useful for ongoing or upcoming projects, are not part of the closure documentation for the current project. Therefore, focusing on warranties and guarantees is essential for a comprehensive and professional project closeout process.