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DSCR I92J: OPTION TO EXTEND THE TERM OF THE CONTRACT - SEPARATE ECONOMIC PRICE ADJUSTMENT AND FIRM FIXED PRICE PORTIONS
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Section: I
DPACS Code: I92J
BSM Code: I17F41
Clause Number: 52.217-9G24
Type: LOCAL
Clause last updated: 2000-07
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Date of text: 2000-07 (current version)
I92J 52.217-9G24 OPTION TO EXTEND THE TERM OF THE CONTRACT - DSCR (JUL 2000)
AND SEPARATE EPA AND FIRM FIXED PRICE PORTIONS
I17F41
(a) If the Government exercises this option as allowed by FAR Clause 52.217-9
in Section I, the extended contract shall be considered to include this option
provision. Each exercise of this option, if any, will extend the term of this
contract by 12 months.
(b) The offeror agrees to furnish during the option period those items cited
in the Schedule that are subject to Economic Price Adjustment (EPA) at unit prices
made up of two portions:
(1) a portion applicable to the purchase costs of the specific material
subject to adjustment under the EPA clause of this contract, at the dollar value
per unit as adjusted under the clause, otherwise the dollar value specified in
column (5) of the Table of such clause, and
(2) the remaining portion of the price for the same contract line item,
which is not subject to economic price adjustment, shall be separately priced
in the schedule for each option period.
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