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Multi-Year (Options)

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"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 provide that performance under the contract during the second and subsequent years of the contract is contingent upon the appropriation of funds, and (if it does so provide) may provide for a cancellation payment to be made to the contractor if appropriations are not made.

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ID24955
Date CreatedFriday, September 6, 2002 9:01 AM
Date ModifiedFriday, May 2, 2003 4:05 PM
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