Difference between revisions of "FAR 52.217-4 - Evaluation of Options Exercised at Time of Contract Award"
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{{ContractClause | {{ContractClause | ||
| + | |EffectiveDate=1988/06/01 | ||
| + | |ClauseorProvision=Provision | ||
| + | |Prescribedin=17.208(b) | ||
| + | |TypePurposeContract=Time and Materials/Labor Hour -A | ||
| + | |TypeofContractApplicable=Fixed Price, Supply; Cost Reimbursement, Supply; Leasing of Motor Vehicles; Time & Material/Labor Hour; Cost Reimbursement, Service; Fixed Price, Service; Indefinite Delivery; Transportation | ||
| + | |TypeofContractOptional=Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Dismantling, Demolition or Removal of Improvements; Fixed Price, Construction; Cost Reimbursement, Construction | ||
| + | |CCSubject=Options | ||
| + | |PrescriptionOverview===Prescription== | ||
| + | |||
| + | '''(b)''' Insert a provision substantially the same as the provision at 52.217-4, Evaluation of Options Exercised at Time of Contract Award, in solicitations when the solicitation includes an option clause, the contracting officer has determined that there is a reasonable likelihood that the option will be exercised, and the option may be exercised at the time of contract award. | ||
| + | |FARClauseOverview===Provision== | ||
| + | Except when it is determined in accordance with FAR 17.206(b) not to be in the Government’s best interests, the Government will evaluate the total price for the basic requirement together with any option(s) exercised at the time of award. | ||
| + | |ImportantNotesRequirements=[[Category:FAR 52 - Solicitation Provisions and Contract Clauses]] | ||
| + | |IncorporatedbyReference=Yes | ||
| + | |UniformContractFormat=M | ||
| + | |Editor=Marshall | ||
| + | |ProvisionClauseNumberAlternate=52.217-4 | ||
| + | |ProvisionClauseDescription=- | ||
|Checked=no | |Checked=no | ||
|HasTermDate=2014/03/28 | |HasTermDate=2014/03/28 | ||
| − | + | |ProvisionClauseNumber=52.217-4 | |
| − | + | ||
| − | |ProvisionClauseNumber | + | |
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|RegulationSection=17 | |RegulationSection=17 | ||
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|FunctionalTopicalArea= | |FunctionalTopicalArea= | ||
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|FARCitation= | |FARCitation= | ||
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|ImportantCaseLaw= | |ImportantCaseLaw= | ||
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|FlowClauses= | |FlowClauses= | ||
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}} | }} | ||
Latest revision as of 10:33, 24 December 2014
Prescribed in 17.208(b) | |
| Effective Date: | 1 June 1988 |
| Clause or Provision: | Provision |
| Provision or Clause Number: | 52.217-4 - Evaluation of Options Exercised at Time of Contract Award |
| Principle Type And/Or Purpose of Contract: | |
| Required: | |
| Applicable: | Time and Materials/Labor Hour; Fixed Price, Supply; Cost Reimbursement, Supply; Leasing of Motor Vehicles; Time & Material/Labor Hour; Cost Reimbursement, Service; Fixed Price, Service; Indefinite Delivery; Transportation |
| Optional: | Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Dismantling, Demolition or Removal of Improvements; Fixed Price, Construction; Cost Reimbursement, Construction |
| Subject: | Options |
| ProcurementType: | |
| Contract Threshold: | |
| Prescription Overview: |
Prescription(b) Insert a provision substantially the same as the provision at 52.217-4, Evaluation of Options Exercised at Time of Contract Award, in solicitations when the solicitation includes an option clause, the contracting officer has determined that there is a reasonable likelihood that the option will be exercised, and the option may be exercised at the time of contract award. |
| Clause Overview: |
ProvisionExcept when it is determined in accordance with FAR 17.206(b) not to be in the Government’s best interests, the Government will evaluate the total price for the basic requirement together with any option(s) exercised at the time of award. |
| Important Notes/Requirements: | |
| Subcontract Threshold: | |
| Incorporated by Reference: | Yes |
| Uniform Contract Format: | M |
| Editor: | Marshall |
Personal notes.
