Funding of options with CR funds - WIFCON. com I know that a different aspect of this topic has been discussed here before However, I am curious as to whether any guidance has been issued on how to address options for services funded with annual appropriations that must be funded with a CR that provides funding for only a portion of a year?
Myth-Information: Obligating the Minimum in IDIQ Contracts If the preconceived notions that our students are bringing to the classroom is any indication, there's a good deal of myth-information being spread regarding indefinite-delivery indefinite-quantity (IDIQ) contracts The one belief that I want to focus on today deals with obligating the contract m
Exercising Options without funding - Contract Administration - The . . . For DoD services contracts with options, can the options be exercised prior to availability of funds? I have seen this several times with O M 1-yr options aligning with the FY The contractor notification requirements are met and the option is exercised via contract modification with no fundi
GAO Decision Re: Use of Minimum Guarantee on IDIQs Mike, I think that the article you're talking about is "Obligating Funds For Services Under IDIQ Contracts That Cross Fiscal Years: What Are The Rules?," 21 N CR ? 42 (August 2007) However, it does not say what you believe it said We believe that under the Bona Fide Needs rule, if the minimum is funded with an annual appropriation it may be used to buy only the bona fide needs of the fiscal
Bulk Funding and Obligating Part 13 BPA Calls without a known . . . I'm a relatively new 1105 Purchasing agent I do not work for anyone in the contracting field I recently established a single award Part 13 BPA, total aggregate amount of calls NTE exceed $150k with a local small business lumber yard home improvement center to provide supplies to a federally ran
deobligation of obligated funds not yet expended - Contract . . . What is the proper FAR authority to support the deobligation of unexpended obligated funds that are about to expire? I see a mod from last year and it has the changes clause FAR 52 243-1 and I disagree with that authority I was leaning toward FAR 43 103(a)
Fiscal Law - Antecedent Liability - Contract Administration - The . . . This was posted by "Nell" on the Blogs I am posting it here "Under the Bona Fide Needs Rule discussion, B 7 Contract Modifications and Amendments Affecting Price, WIFCON states that "in order to avoid over-obligating the original appropriation, the contracting officer must estimate the expecte
DWCF: Follow the original appropriations laws. WHICH ONE? I work at a R D Navy Working Capital Fund activity The technical divisions rely on sponsors to provide funding When it comes to obligating funds on contract, our org uses two types of funding: direct cite (sponsors LOA) and "reimbursable" (our DWCF LOA: 97x4930 ) Direct cite funding isn't
minimum guarantee on IDIQ option periods - WIFCON. com I have recently noticed that some agencies are awarding IDIQ contracts with expressed intent of obligating the minimum quantity guarantee required by FAR 16 501-2((3) in the base period only, with no 'guarantee minimum' included in any option periods According to FAR 16 504(a)(2), '"To ensure th
Deobligation after Contract Ended - Contract Administration - The . . . I want to pick y'alls brains regarding an issue we have in my organization regarding deobligations Basically the situation is that a contract has ended There is unused money quantities on the contract (For this, let's not worry about why there is as I do not think the reason matters at this po