Code of Federal Regulations (alpha)

CFR /  Title 48  /  Part 1552  /  1552.217-72 Option to extend the term of the

As prescribed in 1517.208(c), insert this contract clause in cost-plus-award-fee term 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, modify the clause accordingly. Option To Extend the Term of the Contract--Cost-Plus-Award-Fee Contract

(APR 1984)

(a) The Government has the option to extend the term of this contract for __ additional periods. 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:

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

(c) 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.

(d) The ``Estimated Cost Base Fee and Award Fee'' clause will be amended to reflect increased estimated costs and base fee and award fee pool for each option period as follows: ------------------------------------------------------------------------

Option 1 Option 2------------------------------------------------------------------------Estimated cost.................................... ......... .........Base fee.......................................... ......... .........Award fee pool.................................... ......... .........

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

(e) If this 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) [49 FR 8867, Mar. 8, 1984; 49 FR 24734, June 15, 1984]