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DSCR I92BB: FLEXIBLE OPTIONS, at FARSmarterBids.com

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DSCR I92BB: FLEXIBLE OPTIONS


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Section: I
DPACS Code: I92BB
BSM Code: I17F36
Clause Number: 52.217-9G15 ALT I
Type: LOCAL
Clause last updated: 2000-01

Date of text: 2000-01 (current version)
I92BB    52.217-9G15   FLEXIBLE OPTIONS   DSCR  (JAN 2000)
AND       ALT I
I17F36


    (a)  This solicitation is for an indefinite quantity with a 
guaranteed minimum for the base year.  It also includes 
________ options for one year each.  Each option year is also 
for an indefinite quantity, but there is no 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 1999 until
December 1999.  The first option year is from January 2000
until December 2000, and so on for the remaining option 
years.  The Government reaches the maximum quantity for the
base year in August 1999.  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, 1999.  Option Year 1 now is from
October 1999 until September 2000, 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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