Common use of OPTION DETERMINATION Clause in Contracts

OPTION DETERMINATION. After the initial ordering period of five years, the HCaTS PMO has included one five-year option to extend the ordering period of the HCaTS contracts in order to demonstrate the value the HCaTS PMO 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 the HCaTS PMO’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial five-year term of performance, the HCaTS PMO will consider exercising a Contractor’s Option 1 for an additional five years. The HCaTS CO will exercise Option 1 in accordance with FAR 52.217-9. If necessary, the HCaTS PMO has also included one six-month option to extend the ordering period of HCaTS contracts in accordance with FAR 52.217-8. The option determination for each Contractor will be based on: 1. FAR Section 17.207 for exercising the option, and 2. The overall quality of the Contractor’s past performance under the HCaTS contract and task orders awarded against the HCaTS contract, and 3. Meeting the deliverable and compliance standards, and 4. Maintaining a strategic partnership between HCaTS Contractors, HCaTS PMO, Government personnel, and Federal customers to identify and achieve reciprocal goals.

OPTION DETERMINATION. After the initial ordering period of five years, the HCaTS PMO has included one five-year option to extend the ordering period of the HCaTS SB contracts in order to demonstrate the value the HCaTS PMO 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 the HCaTS PMO’s quality performance expectations. In recognition of exceptional contract and task order performance of a particular Contractor during their initial five-year term of performance, the HCaTS PMO will consider exercising a Contractor’s Option 1 for an additional five years. The HCaTS SB CO will exercise Option 1 in accordance with FAR 52.217-9. If necessary, the HCaTS PMO has also included one six-month option to extend the ordering period of HCaTS SB contracts in accordance with FAR 52.217-8. The option determination for each Contractor will be based on: 1. FAR Section 17.207 for exercising the option, and 2. The overall quality of the Contractor’s past performance under the HCaTS SB contract and task orders awarded against the HCaTS SB contract, and 3. Meeting the deliverable and compliance standards, and 4. Maintaining a strategic partnership between HCaTS SB Contractors, HCaTS PMO, Government personnel, and Federal customers to identify and achieve reciprocal goals.