What must be settled by the primary contractor for contract closeout?

The primary contractor must settle all subcontract agreements for contract closeout because these agreements define the scope of work, responsibilities, and costs associated with subcontracted tasks. Closing out the primary contract involves ensuring that all obligations to subcontractors are met, which includes settling any outstanding payments and confirming that all work has been completed and accepted. This step is critical to avoid potential claims, disputes, or liabilities that could arise from unsatisfied subcontract obligations.

The other options do not encompass the primary responsibilities associated with contract closeout in the same way. Performance evaluations, while important for overall project assessment, are not a contractual obligation that directly impacts the finalization of the main contract. Open disputes with clients must be addressed, but they are typically a secondary concern if the subcontractor agreements are still unresolved. Correspondence records, although relevant for project documentation, are not as directly tied to settling the main financial and operational responsibilities of the contractor's obligations to subcontractors during the closeout process.