WebClause. FAR 52.217-9 Option to Extend the Term of the Contract. Basic (Mar 2000) (Current) Prescription. As prescribed in 17.208 (g), insert a clause substantially the same as the … WebJul 11, 2013 · GIS argued that this clause was intended to extend the contract term “after all options have been exercised” and cannot be exercised in monthly increments until that time. The government took the opposite approach, saying that FAR § 52.217-8 can be exercised “prior to exercising all contract option years.”
52.217-9 Option to Extend the Term of the Contract.
WebFAR Subpart 17.2 – Options - does not apply to contracts for: ... Shall include appropriate option provisions and clauses; Shall state the basis of evaluation, either exclusive or inclusive of the option; ... The period may extend beyond the contract completion date for service contracts. This is necessary for situations when exercise of the ... Web(a) Unless otherwise approved by the Chief of the Contracting Office, contracts for services employing option periods shall require that a preliminary written notice of the Government's intention to exercise the option be furnished to the Contractor a minimum of sixty (60) calendar days prior to the date for the exercise of the option. restaurant city hackensack nj
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Web7. How will an option to extend effect other lease provisions and related agreements? An option to extend the term of a lease should not be evaluated in a vacuum. Do not overlook the notice, assignment/sublet, successors and assigns, alterations, security deposit and percentage rent clauses in the lease. WebThe effective should already be established in the option. Exercising an option prior to that option’s period of performance does not inherently change or modify that option's period of performance. You should never wait to exercise an option on the start date of that option’s period of performance. Question 2. WebJan 28, 2016 · The option to extend services clause provides a way for the government to continue to receive services for up to 6 months when, for example, the award of subsequent contracts might be delayed. When noncompetitive contracts are used frequently or for prolonged periods, the government is at risk of paying more than it should for goods and … prove that 6 is not rational number