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18.127 Extraordinary contractual actions.

18.127 Extraordinary contractual actions.

subpartĀ  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)).

[71 FR 38248, July 5, 2006. Redesignated at 72 FR 46344, Aug. 17, 2007, as amended at 72 FR 63030, Nov. 7, 2007. Redesignated at 76 FR 18309, Apr. 1, 2011]