Easily Insert Option Choice from the It Service Contract

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How to Insert Option Choice from the It Service Contract

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in a previous video we explored the different nec main options in this video well aim to strengthen your understanding of the nec option a price contract with activity schedule before we start if youre enjoying our videos be sure to subscribe and hit the notification button to get alerts when we upload new content so what is nec main option a to put it simply this option is a price lump sum contract the price is then broken down into an activity schedule an interim payment is made upon the completion of each group of completed activities or each completed activity not within a group for example lets say youve been issued an order to connect a new building up to the uk power grid the activity schedule may list three groups however there may be multiple activities within that group in this instance the groups include excavation of trench cable pull and reinstatement under excavation of trench activities include the cat and journey scan for existing cables digging of trench and laying

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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.

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 purpose of the FAR?

The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds.

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.

What should be included in a service contract?

What Does a Service Contract Include? Both parties contact information. Outline of service and work. Timeline of services. Compensation terms. Insurance and compliance terms. Indemnification terms. Warranties. Default terms.

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 meaning of option clause in contract?

Option Clause: Under this clause, the Buyer retains the right to place orders for additional quantity up to a maximum of 50% of the originally contracted quantity at the same rate and terms of the contract.

What is the FAR clause 52.217-8 and 52.217-9?

52.2178 Option To Extend Services. The Con- tracting Officer may exercise the option by written notice to the Contractor withinl [insert the period of time within which the Contracting Officer may exercise the op- tion]. 52.2179 Option To Extend the Term of 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 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.

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Insert Option Choice from the It Service Contract