Option to extend far clause
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. 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.”
Option to extend far clause
Did you know?
WebAug 31, 2024 · (a) The Government may require continued performance of this contract for an additional 5 year period. This option may be exercised up to three times. (b) The … WebOption 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 the Secretary of Labor. The option provision may be exercised more than once, but the ...
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 … WebJan 28, 2016 · the option to extend services clause, the contracting officer could use this option to extend the contract. Contracting officers may exercise the option to extend …
WebOption 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 … Web(f) For FAR clause 52.217-8, Option to Extend Services, (1) the option may be exercised at the end of the base period or the end of any option period available under clause 52.217 …
WebMar 16, 2024 · Option to Extend the Term of the Contract. As prescribed in 17.208 (g), insert a clause substantially the same as the following: (a) The Government may extend the term of this contract by written notice to the Contractor within _____ [insert the period of time … As prescribed in 17.208(f), insert a clause substantially the same as the following:. …
WebAug 31, 2024 · Option To Extend the Term of the FSS Contract (Date) (a) The Government may require continued performance of this contract for an additional 5 year period. This option may be exercised up to three times. (b) The Contracting Officer may exercise the option by providing written notice to the Contractor 30 days before the contract expires. phil pfeiffer baseballWebMay 6, 2013 · The recent case of Glasgow Investigative Solutions, Inc., ASBCA No. 58111 (April 9, 2013) clarifying the use of FAR 52.217-8 by making clear that the Government need not wait until the end of all option years to invoke the clause to extend the contract. phil pfister instagramWebThis contract provides for an extension by exercising Option [insert Option number] to extend the contract for a period of insert time frame of Option, not to exceed one year You are, therefore, requested to certify in writing to the Contracting Officer that: (1) there is a continued need for the services performed under this contract; t shirt shift dressesWebFeb 4, 2016 · The Army improperly used FAR 52.217-8 (Option to Extend Services) to extend several contracts for periods much longer than the six-month maximum allowed by the clause. This conclusion comes from a recent GAO study, in which the GAO determined that the Army improperly applied FAR 52.217-8 in three out of five contracts studied by the GAO. phil pfister heightWebJul 20, 2024 · Under the “Option to Extend Services” clause at FAR 52.217-8, the government may require continued performance of any services within the limits and at the rates … philp hallWebNov 24, 2024 · The contract in Mission1st included the following standard clauses from the Federal Acquisition Regulation. 52.217-8, OPTION TO EXTEND SERVICES (NOV 1999) ... including the exercise of any options under this clause, shall not exceed 33 months. The contract included. a base period (September 2013 to June 23, 2014) with a price of $5.4 … t shirts hikingWebJun 24, 2024 · the option fulfills an existing Government need; the exercise of the option is the most advantageous method of fulfilling the Government's need, price and other factors considered). · Timely advance notification to the contractor in accordance with contract Clause FAR 52.217-9? · Timely planned exercise of the option or phil phantom archives