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18.127 Extraordinary contractual actions.

18.127 Extraordinary contractual actions.

subpart  50.1 prescribes policies and procedures for entering into, amending, or modifying contracts in order to facilitate the national defense under the extraordinary emergency authority granted by Public Law 85-804 ( 50 U.S.C. 1431-1434 ). This includes-

  1. (a) Amending contracts without consideration (see 50.103-2(a));

  2. (b) Correcting or mitigating mistakes in a contract (see 50.103-2(b)); and

  3. (c) Formalizing informal commitments (See 50.103-2(c)).