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48 CFR · Federal Acquisition Regulation and Defense supplement

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The codified text (eCFR, as of 2026-10-02). Under the Revolutionary FAR Overhaul ↗, agencies follow class deviations with new text for many parts while the formal rules go through the Federal Register: check the solicitation and your contract's clauses, which rule.

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17 sections with “exercised at the time of award”

  • FAR 52.217-4 Evaluation of Option Exercised at Time of Contract Award.
    …08(b), insert a provision substantially the same as the following: Evaluation of Options Exercised at Time of Contract Award (JUN 1988) Except when it is determined in accordance with FAR 17.206(b) not to be in the Government's best inter…
  • FAR 17.208 Solicitation provisions and contract clauses.
    …rt a provision substantially the same as the provision at 52.217-4, Evaluation of Options Exercised at Time of Contract Award, in solicitations when the solicitation includes an option clause, the contracting officer has determined that the…
  • FAR 52.212-3 Offeror Representations and Certifications—Commercial Products and Commercial Services.
    …ayer seek Tax Court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights. (B) The IRS has filed a notice of Federal tax lien with respect to an assessed tax liability, and the taxpayer …
  • DFARS 205.303 Announcement of contract awards.
    …ort all contractual actions, including modifications, that have a face value, excluding unexercised options, of more than $9 million. (A) For undefinitized contractual actions, report the not-to-exceed (NTE) amount. Later, if the definitiz…
  • DFARS 252.239-7007 Cancellation or Termination of Orders.
    …or facilities when the Contractor has no foreseeable reuse or when the Government has not exercised its option to take title under the Title to Telecommunications Facilities and Equipment clause of this agreement/contract. The Contractor sh…
  • FAR 19.301-2 Rerepresentation by a contractor that represented its status as a small business concern.
    …a)(3) in accordance with 52.219-28, the agency may no longer include the value of options exercised, modifications issued, orders issued, or purchases made under BPAs on that contract in its small business prime contracting goal achievement…
  • FAR 52.209-5 Certification Regarding Responsibility Matters.
    …ayer seek Tax Court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights. (ii) The IRS has filed a notice of Federal tax lien with respect to an assessed tax liability, and the taxpayer…
  • FAR 17.207 Exercise of options.
    …ll determine the effect of the adjustment on prices under the option before the option is exercised. (c) The contracting officer may exercise options only after determining that— (1) Funds are available; (2) The requirement covered by th…
  • FAR 19.705-2 Determining the need for a subcontracting plan.
    …ct modification exceeds the subcontracting plan threshold (see 19.702(a)) or an option is exercised, the goals of an existing subcontracting plan shall be amended to reflect any new subcontracting opportunities not envisioned at the time of…
  • FAR 52.228-16 Performance and Payment Bonds—Other Than Construction.
    …. Original contract price does not include the price of any options, except those options exercised at the time of contract award. (b) The Contractor shall furnish a performance bond (Standard Form 1418) for the protection of the Governmen…
  • FAR 52.219-9 Small Business Subcontracting Plan.
    … modification exceeds the subcontracting plan threshold in FAR 19.702(a), or an option is exercised, the goals of the existing subcontracting plan shall be amended to reflect any new subcontracting opportunities. When the goals in a subcont…
  • FAR 9.406-2 Causes for debarment.
    …ayer seek Tax Court review, this will not be a final tax liability until the taxpayer has exercised all judicial appeal rights. (2) The IRS has filed a notice of Federal tax lien with respect to an assessed tax liability, and the taxpayer …
  • DFARS 202.101 Definitions.
    …gency head), except for such actions that by terms of statute, or any delegation, must be exercised within the Office of the Secretary of Defense. (For emergency acquisition flexibilities, see 218.270.) Major defense acquisition program is…
  • FAR 8.405-3 Blanket purchase agreements (BPAs).
    …ule contract, so long as there are option periods in their GSA Schedule contract that, if exercised, will cover the BPA's period of performance. (e) Review of BPAs. (1) The ordering activity contracting officer shall review the BPA and det…
  • FAR 27.302 Policy.
    … to grant such a license, the agency can grant the license itself. March-in rights may be exercised only if the agency determines that this action is necessary— (i) Because the contractor or assignee has not taken, or is not expected to ta…
  • FAR 28.102-2 Amount required.
    …. Original contract price does not include the price of any options, except those options exercised at the time of contract award. (b) Contracts exceeding $150,000—(1) Performance bonds. Unless the contracting officer determines that a les…
  • FAR 52.228-15 Performance and Payment Bonds—Construction.
    …. Original contract price does not include the price of any options, except those options exercised at the time of contract award. (b) Amount of required bonds. Unless the resulting contract price is valued at or below the threshold specif…

FAR (chapter 1)

DFARS (chapter 2, Defense)

Source: eCFR, 48 CFR chapters 1 and 2 (GPO GovInfo bulk data) ↗. Rule changes in progress: FAR, DFARS. Terms: glossary.