CHAPTER 21
Exercising Contract Option Periods
(FAR 16.5 and 6, 17.107, 17.2, 32.703, 42.15, and 52.217-3 through 52.217-9)
Option periods, sometimes called option years, give the government a unilateral right to purchase additional supplies or services by extending the period of performance for a contract. The presence of option periods in a contract does not mean that the government is obligated to exercise them. Option periods simply give the government the right to extend the contract period of performance.
When an option period is exercised, it must be in exact compliance with the option provision in the contract. To ensure fair treatment of the contractor, the contractor must be notified within the time period specified in the contract that ...
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