Subpart 5617.2 - OPTIONS
5617.202 Use of Options.
(i) The Chief of the Contracting Office making an award in accordance with FAR 17.204 may approve total contract periods in excess of 5 years on a case-by-case basis, unless otherwise prohibited by statute or regulation. This authority shall not be re-delegated.
(A) All approvals shall be made prior to issuing the solicitation and shall be included in the contract file.
(B) The documentation shall specify the reasons a period longer than 5 years is needed, what cost or price and performance risks are associated with the longer period, and how the risks will be mitigated.