Common use of CONTRACT MINIMUM Clause in Contracts

CONTRACT MINIMUM. The minimum obligation under any awarded contract is $500.00 for the life of the contract, including any options. When the minimum guarantee amount of $500.00 is satisfied through subsequent placement of a competitively awarded task order, the Government has the unilateral right to de-obligate the funding. The contract holder may not invoice for this amount without the written consent of the Contracting Officer. Contract holders who do not submit a proposal for any task order competition opportunities over the base five year ordering period will not be authorized to invoice for the minimum guarantee.

CONTRACT MINIMUM. The minimum obligation under any awarded contract is $500.00 1,000.00 for the life of the contract, including any options. When the minimum guarantee amount of $500.00 1,000.00 is satisfied through subsequent placement of a competitively awarded task delivery order, the Government has the unilateral right to de-obligate the funding. The contract holder may not invoice for this amount without the written consent of the Contracting Officer. Contract holders who do not submit a proposal for any task delivery order competition opportunities over the base five (5) year ordering period will not be authorized to invoice for the minimum guarantee.. Section C - Descriptions and Specifications A UTOMATIC TEST SYSTEMS