GroundRules
48 CFR 3417.207: 3417.207 Exercise of options.
Where this section sits in the code
- Title 48—Federal Acquisition Regulations System
- CHAPTER 34—DEPARTMENT OF EDUCATION ACQUISITION REGULATION
- SUBCHAPTER C—CONTRACTING METHODS AND CONTRACT TYPES
- PART 3417—SPECIAL CONTRACTING METHODS
- Subpart 3417.2—Options
(f)(2) The Federal Government may accept price reductions offered by contractors at any time during contract performance. Acceptance of price reductions offered by contractors will not be considered renegotiations as identified in this subpart if they were not initiated or requested by the Federal Government.
(h) If a contract provision allows an option to be exercised within a specified time frame after funds become available, it must also specify that the date on which funds “become available” is the actual date funds become available to the contracting officer for obligation.
Collected 2026-08-27T02:26:29Z. Source file · JSON