FAR 52.217-4 - Evaluation of Options Exercised at Time of Contract Award

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Prescribed in 17.208(b)
Effective Date:	1 June 1988
Clause or Provision:	Provision
Provision or Clause Number:	52.217-4 - Evaluation of Options Exercised at Time of Contract Award
Principle Type And/Or Purpose of Contract:
Required:
Applicable:	Time and Materials/Labor Hour; Fixed Price, Supply; Cost Reimbursement, Supply; Leasing of Motor Vehicles; Time & Material/Labor Hour; Cost Reimbursement, Service; Fixed Price, Service; Indefinite Delivery; Transportation
Optional:	Utility Services; Simplified Acquisition Procedures (Excludes Micro-Purchase); Facilities; Dismantling, Demolition or Removal of Improvements; Fixed Price, Construction; Cost Reimbursement, Construction
Subject:	Options
ProcurementType:
Contract Threshold:
Prescription Overview:	Prescription (b) Insert a provision substantially the same as the provision at 52.217-4, Evaluation of Options Exercised at Time of Contract Award, in solicitations when the solicitation includes an option clause, the contracting officer has determined that there is a reasonable likelihood that the option will be exercised, and the option may be exercised at the time of contract award.
Clause Overview:	Provision Except when it is determined in accordance with FAR 17.206(b) not to be in the Government’s best interests, the Government will evaluate the total price for the basic requirement together with any option(s) exercised at the time of award.
Important Notes/Requirements:
Subcontract Threshold:
Incorporated by Reference:	Yes
Uniform Contract Format:	M
Editor:	Marshall

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Personal notes.