Easily Insert Option Choice to the Funding Agreement

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How to Insert Option Choice to the Funding Agreement

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yeah what i would need to do with you is is do you know what an option agreement is if youre into wholesaling real estate and you find a motivated seller whos willing to sell his property at a discount you really need to know when its better to use an option agreement instead of a purchase agreement on this video im going to break it down for you and even show you a real live example of me on the phone with a seller all of that and more coming up this video is brought to you by flipster the nations number one real estate software with tools for finding funding and flipping houses check it out now at getflipster.com if youre new here im jerry norton i went from dead broke to millionaire flipping houses and after doing a thousand deals i created this channel to help you master the art of wholesaling and flipping real estate so you can live your dream life be sure to subscribe and click the bell icon to get notified when new videos are released as you know once you agree on a price

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What is the difference between funding and contract value?

To the Finance/Accounting people, the amount available to be spent is the Funded Value. To Business Development, the Contract Value is the amount they want their bonus based on for the win.

What are the disadvantages of IDIQ contracts?

IDIQ Contract Disadvantages Companies often want to budget for known income. With an IDIQ contract, government contractors cannot count on a fixed income simply because the government procurement agency may not have committed to any set maximum ordering limits.

What are option years in government contracts?

Option years are a common feature of service contracts with the federal government. Many such contracts provide for a base period of performance and then allow the Government to exercise one or more options to extend the contract term.

When can you use incremental funding?

This is used when the total cost of a project cant be covered within the current allocated budget because the project spans multiple years.

What is the difference between full funding and incremental funding?

In general, full funding ensures that the full estimated costs of decisions are recognized at the time that the commitment is made. Incremental funding erodes future fiscal flexibility for programs such as shipbuilding because funding is dedicated to completing procurements begun in previous years.

What is full funding concept?

Under the full-funding concept, funds are provided at the outset for the total estimated cost of an item. The concept best applies to major procurements. As used by the Department of Defense, however, it does not provide funding for an entire program in a given year.

What is incremental funding?

Incremental funding means the partial funding of a contract or an exercised option, with additional funds anticipated to be provided at a later time.

What is the full funding policy?

Answer. The full funding policy is a federal budgeting rule imposed on the Department of Defense (DOD) by Congress in the 1950s that requires the entire procurement cost of a weapon or piece of military equipment to be funded in the year in which the item is procured.

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