.gif)
Search the Community
Showing results for tags 'guaranteed minimum'.
Found 1 result
-
Hello, I've taken a new position and have a situation presented to me that I require some expert advice. Apparently there is a new ID/IQ about to be awarded. The RFP language states that the guaranteed minimum will be met with the issuance of TO 1 (will be a simultaneous award). I understand I we could incrementally fund - but the guaranteed minimum requirement muddies the water for me. My question is this: Does this TO 1 have to be fully funded at time of award or can we incrementally fund? (Contract type will be hybrid, funds RDT&E, Award FY16 last quarter, I'm a little confused as some things I've read indicate it must be fully funded with the current FY funds since it is to meet the guaranteed minimum. (GAO Rebook on Obligation rules that the guaranteed minimum has to be fully funded on the IDIQ or the simultaneously awarded TO. Reference GAO 06-382SP Volume 2, 3rd Edition, Chapter 7, page 7-21, paragraph 2.) I'm told that FAR clause 52.232-19, Availability of Funds for the Next Fiscal Year and DFARS 252.232-7007 Limitation of Government's Obligation will be included in the contract award. Obviously being able to incrementally fund would be most beneficial - can anyone help me find here to educate myself further on the issue or provide any clarification? Thanks so much! v/r T
