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DSCR I92BA: FLEXIBLE OPTIONS
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Section: I
DPACS Code: I92BA
BSM Code: I17F35
Clause Number: 52.217-9G15
Type: LOCAL
Clause last updated: 1996-11
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Date of text: 1996-11 (current version)
I92BA 52.217-9G15 FLEXIBLE OPTIONS DSCR (NOV 1996)
AND
I17F35
(a) This solicitation is for an indefinite quantity with a
guaranteed minimum for one year, the base year. It also includes
___ options for one year each. Each option year is also for an
indefinite quantity with a guaranteed minimum. Each year also has
a stated maximum, which applies to that year. In the event the
Government orders up to the stated maximum prior to the end of
any current contract year, the Government reserves the right,
with the notice prescribed below, to exercise the next option year
before the expiration of the current contract year. In the event
the Government exercises this right, the remaining option years
will be moved forward to coincide with the exercise of the option
year.
(b) For example, the base year is from January 1996 until
December 1996. The first option year is from January 1997 until
December 1997, and so on for the remaining option years. The
Government reaches the maximum quantity for the base year in August
1996. The Government provides the prescribed notice of intent to
exercise Option Year 1 in August. During September the Government
exercises Option Year 1 effective October 1 1996. Option Year 1
now is from October 1996 until September 1997, with each subsequent
option year also being moved forward to coincide with the exercise
of the option.
(c) To exercise this right, the Government will provide written
notice of its intent to exercise the option any time after having
ordered ___% of the stated maximum or within thirty days of the
effective date of any delivery order that reaches the stated
maximum quantity. The option shall be exercised no more than sixty
days after written notice of intent is provided to the contractor.
Exercising this right shall be at no additional cost to either party.
Failure to exercise this right shall have no effect on the remaining
option years, which shall remain available for exercise in accordance
with the terms stated elsewhere in this contract.
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