(i) the basic order contract shall provide for appropriate procedures for the fixing of market prices in good time at the beginning of its period of performance; or (a) description. a basic contract is a written instrument of agreement negotiated between an agency, contract activity or contract office and a contractor, which contains (1) terms and conditions applicable to future contracts (orders) between the parties during its term; (2) a description as specific as possible of the supplies or services to be provided and (3) the pricing methods; Issuance and delivery of future orders under the basic order contract. A basic order agreement is not a contract. This agreement may be used to expedite the procurement of uncertain supplies or services where certain items, quantities and prices are not known at the time of performance of the contract, but a significant number of requirements are likely to be acquired by the contractor. (iii) sign or collect all applicable justifications and authorizations, as well as all provisions and findings, and meet other requirements set out in paragraphs 1.602-1 (b), as if the contract were a contract awarded independently of a basic contract. 3. Pending the fixing of prices, the contracting entity may not make a final commitment or allow the contractor to start work on a contract under a basic contract, unless the contract sets a maximum price limiting the obligation of the government and – (d) contracts. A contract agent representing a government activity that is included in a basic order agreement may place orders for the necessary supplies or services covered by this agreement. Select Unsincluded if the requirements do not match the grouping definition in FAR 2.101. Select Essentially Grouped Requirements if the requirements meet the FAR 2.101 definition of pooling and have an estimated value under FAR 7.107-4 Essential Grouping. Reason for Modification – Does not apply to a basic contract. Select the applicable value when notifying a change to a basic contract.
(ii) include the provisions of the basic order contract by reference; (i) to place orders under basic order contracts on the optional form (OF) 347, order for supplies or services or on any other appropriate contractual instrument; 1. Before awarding a contract under a basic order agreement, the contract agent must enter – code A, “Consolidated requirements” when the requirements comply with the definition of “consolidation” or “consolidated requirement” for FAR 2.101, but no written finding has been made, 1) the estimated value of the requirements being less than or equal to $2 million OR 2) the requirements are consolidated and a written definition for the Implementation of the common is needed….