Common use of OPTION DETERMINATION Clause in Contracts

OPTION DETERMINATION. ‌ After the initial contract term of 5 years, OASIS SB has included an option to extend the term of the contract in order to demonstrate the value it places on quality performance by providing a mechanism for continuing a contractual relationship with a successful Contractor that performs at a level which meets or exceeds GSA’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial 5 year term of performance, the Government will consider exercising a Contractor’s Option I, for an additional 5 year term of performance. The option determination for each Contractor will be based on FAR Subpart 17.207 for exercising the option term; the overall quality of the Contractor’s past performance under OASIS SB and task orders awarded against OASIS; meeting the deliverable and compliance standards; and maintaining a strategic partnership between the OASIS SB Contractors, GSA personnel, and Federal customers to identify and achieve reciprocal goals. (END OF SECTION G)

OPTION DETERMINATION. ‌ After the initial contract term of 5 years, OASIS SB has included an option to extend the term of the contract in order to demonstrate the value it places on quality performance by providing a mechanism for continuing a contractual relationship with a successful Contractor that performs at a level which meets or exceeds GSA’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial 5 year term of performance, the Government will consider exercising a Contractor’s Option I, for an additional 5 year term of performance. The option determination for each Contractor will be based on FAR Subpart 17.207 for exercising the option term; the overall quality of the Contractor’s past performance under OASIS SB and task orders awarded against OASIS; meeting the deliverable and compliance standards; and maintaining a strategic partnership between the OASIS SB Contractors, GSA personnel, and Federal customers to identify and achieve reciprocal goals. (END OF SECTION G)

OPTION DETERMINATION. ‌ After the initial contract term of 5 years, OASIS SB has included an option to extend the term of the contract in order to demonstrate the value it places on quality performance by providing a mechanism for continuing a contractual relationship with a successful Contractor that performs at a level which meets or exceeds GSA’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial 5 year term of performance, the Government will consider exercising a Contractor’s Option I, for an additional 5 year term of performance. The option determination for each Contractor will be based on FAR Subpart 17.207 for exercising the option term; the overall quality of the Contractor’s past performance under OASIS SB and task orders awarded against OASIS; meeting the deliverable and compliance standards; and maintaining a strategic partnership between the OASIS SB Contractors, GSA personnel, and Federal customers to identify and achieve reciprocal goals. (END OF SECTION G)G)‌

OPTION DETERMINATION. ‌ After the initial contract term of 5 years, OASIS SB has included an option to extend the term of the contract in order to demonstrate the value it places on quality performance by providing a mechanism for continuing a contractual relationship with a successful Contractor that performs at a level which meets or exceeds GSA’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial 5 5-year term of performance, the Government will consider exercising a Contractor’s Option I, for an additional 5 5-year term of performance. The option determination for each Contractor will be based on FAR Subpart 17.207 for exercising the option term; the overall quality of the Contractor’s past performance under OASIS SB and task orders awarded against OASIS; meeting the deliverable and compliance standards; and maintaining a strategic partnership between the OASIS SB Contractors, GSA personnel, and Federal customers to identify and achieve reciprocal goals. (END OF SECTION G).