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517.207 Exercise of options.

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517.207 Exercise of options.

517.207 Exercise of options.

In addition to the requirements of FAR 17.207, the contracting officer must also:

      (a) Document the contract file with the rationale for an extended contractual relationship if the contractor's performance rating under the contract is less than satisfactory.

      (b) Determine that the option price is fair and reasonable.

      (c)The consideration of other factors as prescribed by FAR 17.207(c)(3) should also include consideration of any tiered solutions (see subpart Subpart 507.71 - Category Management) or mandated solutions that were otherwise not available at the time of award.

      (d) Conduct a Personal Identity Verification card review to determine the need for continued access, see 504.1370(c). This function may be delegated to the COR.