Common use of Statement of Problem Clause in Contracts

Statement of Problem. Occasionally bids on CWPPRA projects may exceed the project cost limits. When bids exceed the project cost limits, the options are: (a) Option 1: Allow the acceptance period to expire and abandon the project (b) Option 2: Reject all bids, reduce the scope of the project, and re-advertise (c) Option 3: Request additional funding from the TC, and subsequently the TF, and award the contract If option 2 or 3 is selected, the resulting cost effectiveness should be evaluated for substantial increases in cost/habit unit and cost/net acre. This will require a review of the change in benefits by the EnvWG. Provisions in bidding procedures by the State of Louisiana allow for acceptance of a bid within a 30-calendar day window after the offer is made. Provisions in bidding procedures by NRCS, under Federal Acquisition Regulations (FAR) allow for acceptance of a bid for a period of time determined at the time of solicitation. Provisions in bidding procedures by the ▇▇▇, under FAR, mandate acceptance of a construction bid within a 30 calendar day window after the offer is made, unless the bidder grants an extension in 30 day increments.