Common use of CONTRACT TERMS AND EXTENSIONS Clause in Contracts

CONTRACT TERMS AND EXTENSIONS. The effective date of this agreement shall commence as of the date at the top of this page for a three (3) year term and shall extend until  , 20  . Task Order Contracts must be for a term of three (3) years with two (2) automatic 1-year extensions. The Agency may choose not to extend after the 3rd or 4th year by giving 30 days written notice to the contractor. Contractor proposals for Task Orders accepted by the Agency within the time limits of the contract may be completed by the Contractor even though the completion date may extend beyond the term of the contract. The maximum total potential dollar amount to be awarded under this Task Order Contract during its term is $4,000,000. There is no minimum amount.

CONTRACT TERMS AND EXTENSIONS. The effective date of this agreement shall commence as of the date at the top of this page for a three (3) year term and shall extend until  , 20  . Task Order Contracts must be for a term of three (3) years with two (2) automatic 1-year extensions. The Agency may choose not to extend after the 3rd or 4th year by giving 30 days written notice to the contractorContractor. Contractor proposals for Task Orders accepted by the Agency within the time limits of the contract may be completed by the Contractor even though the completion date may extend beyond the term of the contract. The maximum total potential dollar amount to be awarded under this Task Order Contract during its term is $4,000,000. There is no minimum amount.