FAR 17.205 Documentation.

In plain English

This section requires the contracting officer to document in writing the reasoning behind option quantities, option term, the notification period for exercising an option, and any option price limitation. It also requires that certain justifications, approvals, and determinations specify both the basic requirement and the increase allowed by the option. For contractors, this means the government must keep a written record supporting the option terms in the contract file.

Applies to: Contracting officers handling contracts with options

What it requires

• Justify in writing the quantities or term under option, the notification period for exercising the option, and any limitation on option price under 17.203(g)
• Include the justification document in the contract file
• Ensure any justifications, approvals, determinations, and findings required by part 6 specify both the basic requirement and the increase permitted by the option

Key terms: option · contracting officer · notification period · justification document · determination and findings

Written by AI from this section's text. A guide, not legal advice: the text below rules.