WebOption Year means the 12- month period from the Effective Date until the first anniversary of the Effective Date and each subsequent 12-month period between anniversaries of the … WebA specific dollar amount; An amount to be determined by applying provisions (or a formula) provided in the basic contract, but not including renegotiation of the price for work in a fixed-price type contract; In the case of a cost-type contract, if --. The option contains a fixed or maximum fee; or. The fixed or maximum fee amount is ...
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WebSample 1 Option Year. A. FAST MOVES shall have the option, at its sole discretion, to extend the Contract Term for a Third Contract Year to be defined as the period from October 1, 1990 to September 30, 1991. FAST MOVES must notify PLAYER, in writing, of its intention to exercise the option provided herein on or before July 1, 1990. WebApr 22, 2024 · With the exception of contracts awarded under Schedule 66 III and Schedule 65 I B, the option clause may be exercised more than once to add 1 or more option year periods, but the total extension of performance shall not exceed 5 years leading to a potential, total period of performance of 10 years. how many bts in the soop episodes are there
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WebDec 19, 2024 · 1. See definition of "option in FAR 2.101 which states: Quote “Option” means a unilateral right in a contract by which, for a specified time, the Government may elect to … WebThe effective date of an option should already be established the contract. It should be immediately following the end of the present period of performance such that there will be … WebOption Year 1: Start Date – End Date Option Year 2: Start Date – End Date Option Year 3: Start Date – End Date Option Year 4: Start Date – End Date. The total potential Period of Performance is [XX] months starting [Date] through [Date]. Under this award, only the base year is funded and the grant is scheduled to end on [Date]. how many bts members are there 2022