During contract closeout, how should records be handled?

• A. Dispose of records in accordance with policy and preserve lessons learned
• B. Delete all records immediately
• C. Keep records confidential and inaccessible
• D. Do not retain records

Answer: (B)

During contract closeout, records should be handled through a controlled, policy-driven approach: dispose of documents according to retention schedules and organizational policy, while capturing and preserving lessons learned from the contract. This ensures you remain compliant, have evidence for audits or disputes, and can improve future procurements. Deleting everything immediately ignores retention requirements and can erase important proof of performance and compliance. Keeping records confidential and inaccessible defeats the purpose of documentation, and not retaining records at all undermines accountability and future reference. So, dispose of records as directed by policy and preserve the lessons learned for future use.