when all phases are complete and the Owner initiates closeout, you're the final signer. your approval is the last checkpoint before the project archives — it confirms that you're satisfied the work is complete and the funds have been properly accounted for.
you hold this position by design. on a Lender-funded project, nothing closes without you.
how to approve closeout:
1. you'll be notified when the Owner initiates closeout. open the project page to review.
2. review the project's phase history, transfer records, and project wall to confirm the work is complete.
3. tap approve closeout and confirm.
4. the project archives. any surplus funds in the project wallet return to their original contributors automatically.
💡 if you're not satisfied that the project is complete, hold off on approving and coordinate with the Owner directly. the project stays open until you sign off.