All,
This is a complicated topic! To answer your question Vern - I'm still not 100% clear, but it seems clear that there isn't a cut and dry answer... However, here's what I understand:
*The contract can be modified by extending the delivery date without consideration from the contractor
*If the contract is modified without consideration, America's tax dollars may not be being spent as they should be
*This may be in violation of the principal behind FAR 1.602-2
*If an IG were to review this contract, I'd better have a good explanation
Please correct me if I am wrong. I appreciate your thoughtful response to my question; you are correct in that I am fairly new to contracting - about 18 months.
Question: How can a contracting officer accept a new schedule without modifying the contract? I thought those things went hand in hand...
Thank you,
TW