Does The Current Contract Allow For It To Be Extended

Does The Current Contract Allow For It To Be Extended IAW FAR Clause 52 217 8 Option to Extend Services Nov 1999 the Government may require continued performance of any services within the limits and at the rates specified in the contract

The FAR contains three exceptions to these time limits The clause at FAR 52 217 9 allows the government to extent a contract for six months at the current rates provided that the government gives the contractor notice usually 60 days of its intent to extend the contract As a side note the government s exercise of an option must be done In an interesting case the Armed Services Board of Contract Appeals ASBCA held that the government cannot unilaterally extend services under FAR 52 217 8 Option to Extend Services after an ineffective attempt to exercise an option year Fluor Fed Solutions Inc ASBCA No 62343 August 9 2022 As a result of a failure of the government to properly exercise an option year the

Does The Current Contract Allow For It To Be Extended

Does The Current Contract Allow For It To Be Extended
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A contract renewal refers to extending the duration of the existing contractual agreement beyond its predefined expiration date But a typical renewal doesn t only include an extension date Instead there are amendments and provisions to the existing contract as agreed by both parties As a result it allows agreeing parties to continue The question comes up again and again usually in connection with service contracts and often with respect to the use of award term incentives 1 Doesn t the Federal Acquisition Regulation limit the duration of government contracts to five years The purpose of this article is to describe and explain the various five year limits on government contracts especially as they might pertain to the

A contract extension helps you extend productive partnerships Use our contract extension letter and contract extension addendum templates Lease renewals are when a tenant agrees to rent the property for another lease term while a lease extension is when a tenant requests to rent the property for an additional timeframe for the same rent or current market rate A lease renewal requires a new rental agreement while lease extensions mainly need a lease amendment to modify the

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A lease extension agreement is a legal contract that allows an existing tenant to continue to reside on the property for an extended period of time after the initial terms of their original lease agreement You will often see lease extension agreement requests when a tenant cannot find adequate housing before their mandatory move out date As the name suggests this clause typically allows for an agreement to be renewed or extended automatically for an additional term or other specified period of time Another way to extend an

Execute a contract extension agreement By choosing this option the parties continue to keep the contract in force with all of the same terms of the current contract Execute a more limited contract extension agreement A contract extension is an agreement between the original contracting parties to extend the terms of their existing contract for a further period of time The period for which the extension is granted is set out in the renewal agreement

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Does The Current Contract Allow For It To Be Extended - The question comes up again and again usually in connection with service contracts and often with respect to the use of award term incentives 1 Doesn t the Federal Acquisition Regulation limit the duration of government contracts to five years The purpose of this article is to describe and explain the various five year limits on government contracts especially as they might pertain to the