Code of Federal Regulations (alpha)

CFR /  Title 48  /  Part 1552  /  1552.217-71 Option to extend the term of the contract--cost-type

As prescribed in 1517.208(b), insert this contract clause in cost-reimbursement type term form contracts when applicable. If only one option period is used, enter ``NA'' in the proper places of the clause. If more than two option periods apply, the clause may be modified accordingly. Option To Extend the Term of the Contract--Cost-Type Contract (APR 1984)

The Government has the option to extend the term of this contract for ___ additional period(s). If more than 60 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 60 days of the period of performance, the Government must provide to the Contractor written notification prior to that last 60-day period. This preliminary notification does not commit the Government to exercising the option. The Government's estimated level of effort is ___ direct labor hours for the first option period and ___ for the second. Use of an option will result in the following contract modifications:

(a) The ``Period of Performance'' clause will be amended to cover a base period from _____________ to ______________ and option periods from ______________ to _____________ and ______________ to ______________.

(b) Paragraph (a) of the ``Level of Effort'' clause will be amended to reflect a new and separate level of effort of _________________ for the first option period and a new and separate level of effort of ______________ for the second option period.

(c) The ``Estimated Cost and Fixed Fee'' clause will be amended to reflect increased estimated costs and fixed fee for each option period as follows: ------------------------------------------------------------------------

Option 1 Option 2------------------------------------------------------------------------Estimated cost.................................... ......... .........Fixed fee......................................... ......... .........

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Total......................................... ......... .........------------------------------------------------------------------------

(d) If the contract contains ``not to exceed amounts'' for elements of other direct costs (ODC), those amounts will be increased as follows: ------------------------------------------------------------------------

Other direct cost item Option 1 Option 2------------------------------------------------------------------------

......... .........

......... .........

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......... .........------------------------------------------------------------------------

(End of clause)