Current as of October 03, 2022 | Updated by FindLaw Staff
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As prescribed in 1517.208(h), insert the following clause:
Option To Extend the Term of the Contract Fixed Price (OCT 2000)
The Government has the option to extend the term of this contract for ______ additional period(s). If more than ______ days remain in the contract period of performance, the Government, without prior written notification, may exercise this option by issuing a contract modification. To exercise this option within the last ______ days of the period of performance, the Government must provide to the Contractor written notification prior to that last ______–day period. This preliminary notification does not commit the Government to exercising the option. Use of an option will result in the following contract modifications:
(a) The “Period of Performance” clause will be amended as follows to cover the Base and Option Periods:
|
Period |
Start date |
End date |
|---|---|---|
|
|
|
|
(b) During the option period(s) the Contractor shall provide the services described below:
|
Period |
Attachment |
|---|---|
|
|
|
(c) The “Consideration and Payment” clause will be amended to reflect increased fixed prices for each option period as follows:
|
Fixed price |
Option period |
|---|---|
|
|
|
(End of clause)
Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.1552.217-77 Option to extend the term of the contract fixed price - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-1552-217-77.html
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