I have a service contract that is funded with ARRA funds (Post Construction Award Services type work). The Dodd-Frank Wall Street Reform and Consumer protection Act has a little blurb about all unobligated Recovery Act funds. It states the funds will be rescinded on 31 Dec 2012 and used to pay down the deficit. I'm still waiting to see how this is going to be implemented, but presumably I won't have funds after 31 Dec 2012, if not sooner.
My service contract is currently in option year #1, which expires at the end of April 2013. There is still a remaining option year, and the services will still be required. Some of the positions are SCA covered, but even if a change in WD occurs, the rates being paid are well above the SCA minimums, so no adjustment would be due. Since I don't have a bona-fide needs rule problem due to the five year funding (4 1/4 now), and I won't see an SCA adjustment; I cannot think of any reason that I cannot exercise the option about 5 months early. Am I missing anything else?
VelhammerMember Since 08 Dec 2008
Offline Last Active May 16 2013 10:49 AM
"I'd rather be the hammer than a nail"
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