Pub. L. 103-355, tit. I, subtit. A, pt. II, subpt. B, sec. 1062

SOLICITATION PROVISION REGARDING EVALUATION OF PURCHASE OPTIONS.

EnactedYear: 1994Length: 102 wordsOfficial source
SEC. 1062. SOLICITATION PROVISION REGARDING EVALUATION OF PURCHASE OPTIONS. Section 303A of the Federal Property and Administrative Services Act of 1949 (41 U.S.C. 253a), as amended by section 1061, is further amended by adding at the end the following new subsection: “(e) An executive agency, in issuing a solicitation for a contract to be awarded using sealed bid procedures, may not include in such solicitation a clause providing for the evaluation of prices for options to purchase additional property or services under the contract unless the executive agency has determined that there is a reasonable likelihood that the options will be exercised.”.
Pub. L. 103-355, tit. I, subtit. A, pt. II, subpt. B, sec. 1062: SOLICITATION PROVISION REGARDING EVALUATION OF PURCHASE OPTIONS. | Justis AI