Office Bulletin (OB) 18-01 has been published to revise Office Bulletin 16-02, which established a procedure to identify a Period of Performance End Date (PPED), to establish when the Period of Performance ends, and an Agreement End Date (AED) to define when the project would close in the Federal Highway Administration’s (FHWA) Fiscal Management Information System (FMIS). After having this procedure in practice for two years, and after review, FHWA and the Division of Local Assistance has determined that only one date will be used to define when the Period of Performance ends. OB 18-01 clarifies what the Period of Performance is, eliminates the Period of Performance End Date, and establishes that only one date will need to be established to identify the end of the Period of Performance.
See Office Bulletin 18-01 below and linked here.