1552.217-77 Option to extend the term of the contract fixed price.
As prescribed in 1517.208(h), insert the following clause:
Option To Extend the Term of the Contract Fixed Price (OCT 2000)
The Government has the option to extend the term of this contract for ____ additional period(s). If more than ____ 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 ____ days of the period of performance, the Government must provide to the Contractor written notification prior to that last ____ -day period. This preliminary notification does not commit the Government to exercising the option. Use of an option will result in the following contract modifications:
(a) The “Period of Performance” clause will be amended as follows to cover the Base and Option Periods:
Period | Start date | End date |
---|---|---|
(b) During the option period(s) the Contractor shall provide the services described below:
Period | Attachment |
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(c) The “Consideration and Payment” clause will be amended to reflect increased fixed prices for each option period as follows:
Fixed price | Option period |
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(End of clause)