The following are definitions of the Award Statuses:
Open - - An award is in Open status between its performance period start and end dates. While open, award activities such as obligation, drawdowns, adjustments and reporting can occur.
Liquidation - - An award is in Liquidation status between its performance period end date and liquidation period end date. During liquidation, no new obligations may be made. Drawdowns for expenditures incurred during the performance period can be requested. Drawdown adjustments and reporting can occur.
Suspension - - An award is in Suspension status between its liquidation period end date and suspension period end date. During suspension, no new obligations or drawdowns may be made. Downward adjustments and reporting can occur. The purpose of the suspension period is to allow additional time to process adjusting transactions and obtain the final performance report prior to deobligation thereby reducing the number of awards which must be reinstated after being closed by allowing additional time to process adjusting transactions prior to deobligation.