PGI 204.804-4 Physically completed contracts.
A basic ordering agreement, blanket purchase agreement, or an indefinite-delivery contract can be closed after—
(i) All orders have been closed; and
(ii) The ordering period has expired.
A basic ordering agreement, blanket purchase agreement, or an indefinite-delivery contract can be closed after—
(i) All orders have been closed; and
(ii) The ordering period has expired.
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