Far authority to exercise option

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August undefined, 2024

Web52.217-8 Add new CLINs vs extend PoP on current CLINs. 52.217-8 Compliance Review. 52.217-8 used during Evaluation of Proposals. 52.217-9 "within" versus "at least". 52.237-7 -- Indemnification and Medical Liability Insurance. 52.244-2 Consent to Subcontract. 52.246-11 Higher-Level Contract Quality Requirement. WebJul 29, 2024 · As covered in FAR 17.207 Exercise of options, the process of executing an option begins with determining that there is an existing need that can be fulfilled by …

FAR Clause 52.217-9 Option to Extend the Term of the Contract.

WebWhen using sealed bidding, the contracting officer shall make a written determination that there is a reasonable likelihood that the options will be exercised before including the provision at FAR 52.217-5, Evaluation of Options, in the solicitation. (See FAR 17.207(f) with regard to the exercise of options.) Web48 CFR § 17.207 - Exercise of options. CFR prev next 17.207 Exercise of options. (a) When exercising an option, the contracting officer shall provide written notice to the … ship deck swivel gun

Exercising Option Years under US Government Services Contracts

Web(3) The exercise of the option is the most advantageous method of fulfilling the Government's need, price and other factors (see paragraphs (d) and (e) below) considered; (4) The option was synopsized in accordance with part 5 unless exempted by 5.202(a)(10) or other appropriate exemptions in 5.202 ; WebOct 26, 2024 · Your references are at FAR 17.204 Contracts (b) The contract shall state the period within which the option may be exercised You did this with your CLINs/Section F and 52.217-9 "Option to Extend the Term of the Contract" According to this clause and fill-in, the Gov't had the capablity to exercise the option within 10 days of the end of CLIN 001. WebAug 23, 2016 · Almost all options grant the government a unilateral right to exercise (or not exercise) the option. Read your contract carefully. (2) The Government may use the … ship deck seal

48 CFR § 17.207 - Exercise of options. Electronic Code of Federal ...

Letter of Intent to Exercise Option FAI.GOV

WebNov 13, 2014 · But in this case, the matter was entirely within the control of the contracting office, which chose not to exercise the FAR 52.217-9 option." In the second article, Vern wrote that "the FAR 52.217-8 option clause is for use at the end of a contract when the award of a new contract is 'delayed due to circumstances beyond the control of ... WebContract Modification Authority Decision Help Guide ship deck terminologyWebMar 16, 2024 · As used in this part-Administrative change means a unilateral (see 43.103(b)) contract change, in writing, that does not affect the substantive rights of the parties (e.g.,a change in the paying office or the appropriation data).. Effective date- (1) For a solicitation amendment, change order, or administrative change, the effective date … ship deck watch desk

"WebMar 16, 2024 · 17.207 Exercise of options. (a) When exercising an option , the contracting officer shall provide written notice to the contractor within the time period specified in the contract. (b) When the contract provides for economic price adjustment and the … (a) In awarding the basic contract, the contracting officer shall, except as … (a) Solicitations shall include appropriate option provisions and clauses when … " - Far authority to exercise option

Far authority to exercise option

17.207 Exercise of options. Acquisition.GOV

Web(c) The Contracting Officer, if the contract so provides, may, subject to the conditions in FAR 17.204(d), 32.703–2, and 32.705–1(a), exercise an option contingent upon the … WebMar 1, 2024 · (ii) SAF/AQC is the approval authority for individual deviations from FAR 15.3, AFFARS 5315.3, and MP5315.3. ... Unilateral exercise of pre-priced options that were reviewed and approved at the time of award of the basic contract; or (3) Except as indicated at 5301.602-2(c)(i)(C)(3), order solicitations and orders issued against existing ...

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WebMar 4, 2024 · 52.217-9 is in the contract to provide the authority to exercise options and also requires the notification. If the contractor waives the notification requirement (which most do when a deadline is not met) then your authority to exercise is still the same. It only changes it to a bi-lateral signature. WebAnswer The clause at FAR 52.217-9 addresses exercising an option that is within the scope (including the period of performance) of the contract. It gives the Government the right to …

WebMar 15, 2024 · FAR 52.217-9 provides the government with authority to extend the term of the contract through the *unilateral* exercise of an option. It is well settled that the government must exercise an option “in exact accord with the terms of the contract.” Freightliner Corp. v. Caldera, 225 F.3d 1361, 1366 (Fed.Cir.2000). Modifying the terms … WebMay 4, 2024 · When an agency intends to exercise an option (usual authority 52.217-9; 30 days) and for various financial, operational, etc. concerns the incumbent contractor informs the agency that the incumbent contractor does not desire to continue performance during the upcoming option period; is that a termination for convenience, termination for …

WebSep 20, 2013 · Posted March 30, 2013. Now that I think of it, if you look at the standard clause, Option to Extend the Term of the Contract (MAR 2000), FAR 52.217-9, it says that the government can exercise the option by giving notice of intent "at least" 60 days before the contract expires. WebNov 27, 2024 · Notice of Intent to Exercise Options. FAR 52.217-8 and 52.217-9 include blanks for the CO to fill in with the required notice period to exercise the option, and, in …

WebJul 2, 2014 · Legally, the Government is not obligated to exercise the option in FAR 52.217-9. However, a discretionary decision may not be made in bad faith, arbitrarily, or capriciously. So if the Government decides not to exercise the option, the CO should be able to state a reason that is not suggestive of bad faith, arbitrariness, or capriciousness.

WebMar 16, 2024 · 52.217-9 Option to Extend the Term of the Contract. 52.217-9. Option to Extend the Term of the Contract. As prescribed in 17.208 (g), insert a clause … ship decommissioning list ship decking flooringWebJul 8, 2013 · The government took the opposite approach, saying that FAR § 52.217-8 can be exercised “prior to exercising all contract option years.” The board found that although FAR § 52.217-8 is typically used at the end of a contract to allow the government to bridge performance to another contractor, it is not the only circumstance when it may be ... ship decommissioningWebJun 26, 2013 · Loul, you're referring to two different issues. Option 2 was not a valid exercise of an option because option 1 wasn't exercised while the contract was in effect. So both options are invalid. The issue regarding the required notices could have been worked around as long as you, the contractor, agreed to waive your right to the notice. ship decommissioning ceremonyWebBasic (Mar 2000) (Current) Prescription. As prescribed in 17.208 (g), insert a clause substantially the same as the clause at 52.217-9, Option to Extend the Term of the … ship deck woodWebJan 27, 2014 · If the contract contains an unexercised option period, the Government may elect to exercise the option pursuant to FAR Clause 52.217-9, Option to Extend the … ship deconstructionWebMar 16, 2024 · As prescribed in 17.208(f), insert a clause substantially the same as the following:. Option to Extend Services (Nov 1999). The Government may require continued performance of any services within the limits and at the rates specified in the contract. These rates may be adjusted only as a result of revisions to prevailing labor rates provided by … ship deck tools and equipment