What FAR Part 17 - Special Contracting Methods (Multi-Year Contracts, Options, Interagency Acquisitions / Economy Act, Management and Operating Contracts, Reverse Auctions) requires
Federal Acquisition Regulation (FAR) Part 17 governs special contracting methods used when standard award structures are inappropriate…
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Pillar: Public Sector & Government Procurement · Authority: Federal Acquisition Regulatory Council (DOD, GSA, NASA) issuing the Federal Acquisition Regulation under 41 USC 1303 and 48 CFR Chapter 1; statutory bases: 41 USC 3903 (civilian multi-year contracting), 10 USC 3501 (DoD multi-year contracting), 31 USC 1535 (Economy Act for interagency acquisitions), 40 USC 11302 (GWAC authority for IT); Office of Management and Budget for interagency acquisition policy · Version: 1.0.0 · Last updated:
Primary source: https://www.acquisition.gov/far/part-17
SHA-256 integrity: 3079de3f0c19ec414956eb7e17bbac026cc7069910056562072254ce01168f9b
Primary Citations — 7 traced to source
- FAR Part 17 Section 17.103 (Multi-year contract definition): 'Multi-year contract means a contract for the purchase of supplies or services for more than 1, but not more than 5, program years. A multi-year contract may be terminated for either the convenience of the Government or for default. The Government may, but is not required to, identify and allocate cancellation charges among the program years.'
- FAR Part 17 Section 17.105-2(a) (Multi-year contracting agency findings - non-DoD/NASA/Coast Guard): 'Except for DoD, NASA, and the Coast Guard, agencies may enter into a multi-year contract if the head of the agency determines that - (1) The need for the supplies or services is reasonably firm and continuing over the period of the contract; and (2) A multi-year contract will serve the best interests of the United States by encouraging full and open competition or promoting economy in administration, performance, and operation of the agency's programs.' DoD, NASA, and Coast Guard agency findings under 17.105-2(b) include cost savings, stable design, minimal technical risk, reasonable expectation of continued funding, and realistic estimates.
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