Code of Federal Regulations (alpha)

CFR /  Title 48  /  Part 1552  /  1552.217-73 Option for increased quantity--cost-type contract.

As prescribed in 1517.208(d), 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, modify the clause accordingly.

Option for Increased Quantity--Cost-Type Contract (JUN 1997)

(a) By issuing a contract modification, the Government may increase the estimated level of effort by __ direct labor hours during the base period, __ during the first option period, and __ during the second option period. The Government may issue a maximum of __ orders to increase the level of effort in blocks of __ hours during any given period. The estimated cost and fixed fee of each block of hours is as follows: ------------------------------------------------------------------------

Base Option Option

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

--------------------------

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

(b) When these options are exercised, paragraph (a) of the ``Level of Effort'' clause and the ``Estimated Cost and Fixed Fee'' clause will be modified accordingly.

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

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

------------------------------------------------------------------------

(End of clause) [49 FR 8867, Mar. 8, 1984, as amended at 62 FR 37149, July 11, 1997; 62 FR 60667, Nov. 12, 1997]