Which phase involves resolving claims and final payment?

The phase that involves resolving claims and final payment is the Post Construction Phase. During this phase, all outstanding financial matters are settled, including the resolution of any claims that may have arisen during construction. This is often the period where the project owner reviews the completed work against the contract and ensures that all financial obligations are fulfilled. It includes the final inspection of the project, approval of final payments, and often a closeout meeting to clarify any lingering issues. The focus during this phase is on concluding the project and officially handing over the deliverables, which is critical for both financial closure and maintaining relationships between the parties involved.