48 C.F.R. §§ 1552.217-77

Current through October 31, 2024

Section 1552.217-77 - Option to extend the term of the contract fixed price

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)

48 C.F.R. §§1552.217-77

65 FR 58925 , Oct. 3, 2000, as amended at 82 FR 33021 , July 19, 2017

82 FR 33021 , 9/18/2017