Difference between revisions of "Contract Value"
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* Requirements contracts: no fixed quantity, so difficult to determine whether $7.5 million trigger or $750,000 threshold are met, | * Requirements contracts: no fixed quantity, so difficult to determine whether $7.5 million trigger or $750,000 threshold are met, | ||
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* Indefinite Delivery/Indefinite Quantity (IDIQ) contracts: minimum guaranteed value may be fair measure of the value of the contract, | * Indefinite Delivery/Indefinite Quantity (IDIQ) contracts: minimum guaranteed value may be fair measure of the value of the contract, | ||
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* Options: Priced options are included in the award value of the original contract, even if there is no guarantee that the options will be exercised | * Options: Priced options are included in the award value of the original contract, even if there is no guarantee that the options will be exercised | ||
[[Category:Contracts and Contract Administration]] | [[Category:Contracts and Contract Administration]] | ||
Latest revision as of 10:33, 20 December 2015
Contract Value at Time of Award (Determining CAS applicability)
It is very important to determine contract value at time of award so that the applicable contract clauses are incorporated into the contract. For instance:
- Requirements contracts: no fixed quantity, so difficult to determine whether $7.5 million trigger or $750,000 threshold are met,
- Indefinite Delivery/Indefinite Quantity (IDIQ) contracts: minimum guaranteed value may be fair measure of the value of the contract,
- Options: Priced options are included in the award value of the original contract, even if there is no guarantee that the options will be exercised
