FAR 17.602 Policy.

In plain English

This section sets the policy for management and operating contracts. It allows agency heads with statutory authority to authorize contracting officers to enter into or renew such contracts, but only if consistent with the guidance in this subpart and the situations in 17.604. Agencies must review their existing contracts within two years to identify and authorize such contracts or modify/terminate those not authorized, with an exception for contracts with less than four years remaining.

Applies to: Agency heads and contracting officers involved in management and operating contracts

What it requires

• Heads of agencies may determine in writing to authorize contracting officers to enter into or renew management and operating contracts.
• Every contract so authorized shall show its authorization upon its face.
• Agencies may authorize management and operating contracts only if consistent with the guidance of this subpart and the situations described in 17.604.
• Within 2 years of the effective date of this regulation, agencies shall review their current contractual arrangements to identify, modify as necessary, and authorize management and operating contracts, and modify as necessary or terminate contracts not so identified and authorized.

Key terms: management and operating contract · Heads of agencies · contracting officers · statutory authority · 41 U.S.C. chapter 33

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