Basic Ordering Agreement Price

d) orders. A contract agent representing all government activities listed in a basic order agreement may contract for necessary supplies or services under this agreement. (i) to place orders under basic order contracts on The Optional Form (OF) 347, on ordering supplies or services, or on any other appropriate contractual instrument; (a) description. A basic order agreement is a written instrument of agreement negotiated between an agency, a contracting company or a contractor, and (1) contains conditions and clauses applicable to future contracts (markets) between the parties during their duration, 2) a kind of description, as far as possible, of the supplies or services to be provided and (3) of the pricing methods , issuing and delivering future contracts under the basic ordering contract. A basic contract is not a contract. (i) describe the method used to determine the prices to be paid to the contractor for deliveries or services; (v) to provide that the non-agreement on the price of an order made before the price (see point d) (3) of this section) is a dispute within the dispute clause contained in the basic order agreement; and (i) the basic order agreement provides appropriate procedures for setting order prices in a timely manner at an early stage of the execution period; or (2) Each basic order agreement is reviewed and, if necessary, revised annually before the anniversary of its entry into force, to meet the requirements of this regulation. Basic agreements may need to be reviewed prior to annual review based on mandatory legal requirements. A basic contract is changed only by modification of the contract itself and not by individual contracts awarded under the contract. Changing a basic contract has no retroactive effect on previously past contracts. Mod No – Default `0` for a basic contract. Enter a unique value if you declare a change to a basic contract.

The change number should start with one (A) or one (P). The length must be made up of six characters. b) asks. A basic order agreement can be used to expedite the conclusion of a contract for uncertain supply or service requirements when certain items, quantities and prices are not known at the time of the contract, but a considerable number of requirements for the type of supplies or services covered by the agreement are likely to be purchased by the contractor. Under the right circumstances, the application of these procedures can save money on parts ordering for equipment assistance, reducing administrative delays, inventory investments and aging due to design changes. Reason for change – Does not apply to a basic contract. Select the value when notifying a change to a basic contract. (ii) the need for supplies or services is imperative and unusually urgent (i.e., if the government is seriously harmed financially or otherwise, if the requirement is not met earlier than it would be if prices were set before construction began).