WebDec 19, 2024 · [1] If I'm understanding things, the gov't is in complete control when it comes to exercising, or not exercising, option years. I.e. if three years down the road, we don't … WebOption Years means those requirements detailed in Table 2 – Option Years, Line Items 1-14 of the Schedule of Requirements to this Contract which may be enacted by the Authority in adherence to Condition 4.3 Options. Sample 1. Based on 1 documents. Option Years means Lease Years during the Option Term.
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WebOption Years. The Authority, at its sole discretion, may extend the Operating Period of this Contract by granting the Contractor one (1) five- year option. The Authority shall notify the … WebMar 29, 2024 · Contract Line Item Numbers (CLIN) (FAR Part 4.10) are part of defense contracts that break the contract down by the commodities being procured (labor hours of services, funding for travel, quantity product A, etc.).They help identify the supplies or services to be acquired as separately identified line items on a contract that provides for … flanagan\\u0027s bellaire ohio
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WebApr 12, 2024 · More than 10,000 Americans turn 65 every day. That’s more than 3.6 million new people learning to navigate Medicare each year.. If you were born in 1958, you are … WebOption years are treated as new contracts therefore, when the severable service contract has renewal options, obligate funds for the basic period and any penalty charges for failure to exercise options. Refer to 10 U.S.C. § 2410a for statutory authority permitting full obligation of severable service contracts that begin in one fiscal year and ... WebAug 23, 2016 · The Contracting Officer may exercise the option by written notice to the Contractor within 1 day…. When the Government did not have the funds to exercise the first full option year, it exercised FAR 52.217-8 three times for a total of six months, as funds became available. flanagan\u0027s butchers