Easily Insert Amount Field in the Extension Of Agreement

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How to Insert Amount Field in the Extension Of Agreement

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welcome to the McNees minute a look at current issues in the law when most people think about public utilities they think about three things rate increases rate increases and more rate increases but if youre a real estate developer you might think more about working with public utilities to coordinate installation schedules and payment terms for electric natural gas water and sewer systems in your development unfortunately the rules and policies governing the obligations of developers and public utilities are not always uniform or reflective of developer concerns but in many cases a well-structured facilities extension agreement can help ensure utility installations occur on time and at a reasonable cost to the developer professionals at McNeese can help developers navigate this important process for more information visit meknes law.com [Music]

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What is 48 CFR 52.217-8?

52.217-8 Option To Extend Services. The Government may require continued performance of any services within the limits and at the rates specified in the contract.

Is 52.217-8 unilateral or bilateral?

Answer. Question 1) your understanding is correct, FAR 52.217-8 gives the contracting officer the unilateral right to exercise the option as long as you are still within the notification period identified in the last sentence.

What is the purpose of FAR 52.217-8?

FAR 52.217-8 allows the government to extend services without negotiating short extensions to existing contracts in circumstances, such as those here, where the award of a successor contract is delayed.

What is the difference between FAR 52.217-8 and FAR 52.217-9?

FAR Subpart 17.2 prescribes two primary clauses for service contracts: (1) 52.217-8 for short term extensions up to six months, typically used for situations outside the contracting offices control when a new contract cannot be awarded on time, and (2) 52.217-9, which normally results in one or more annual options.

How do you write an extension on a contract?

A contract extension agreement must contain: Names, addresses, and signatures of the contracting parties. Name, start date, and end date of the original contract. End date of the extension period. Changes to the contract including addition, removal, and deletion of the terms agreed upon in the original contract.

What is the purpose of the Continuity of Services clause?

(a) The Contractor recognizes that the services under this contract are vital to the Government and must be continued without interruption and that, upon contract expiration, a successor, either the Government or another contractor, may continue them.

What is the difference between FAR 52.217-8 and 52.217 9?

FAR Subpart 17.2 prescribes two primary clauses for service contracts: (1) 52.217-8 for short term extensions up to six months, typically used for situations outside the contracting offices control when a new contract cannot be awarded on time, and (2) 52.217-9, which normally results in one or more annual options.

What is the extension of an agreement?

An extension agreement is an agreement where the parties decide to change the end date of the original contract. These are used when the original parties to the contract are happy with the terms and conditions of the original agreement. An extension agreement is often easier than negotiating an entirely new contract.

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