D.C. Mun. Regs. tit. 27, r. 27-4727

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 27-4727 - EXERCISING THE CONTRACT OPTIONS

4727.1

The Contracting Officer may exercise a contract option upon determining that:

(a) Funds are available and authorized for this purpose;

(b) The goods or services covered by the option fulfill an existing need; and

(c) Exercising the option is the most advantageous method of fulfilling the Department's need.

4727.2

The determination to exercise a contract option shall be in writing and shall be included in the contract file.

4727.3

To exercise an option over two hundred fifty thousand dollars ($250,000) the Contracting Officer must first obtain the approval of the CCO.

4727.4

In addition to the approval of the CCO, if applicable, prior to exercising any option, the approval of the Department's Chief Financial Officer shall be obtained as to whether funds are available for the exercise of the option. Approval of the Council shall also be obtained as required.

D.C. Mun. Regs. tit. 27, r. 27-4727

Notice of Emergency and Proposed Rulemaking published at 58 DC 8805 (October 14, 2011)[EXPIRED]; as amended by Notice of Final Rulemaking published at 59 DCR 985, 1012 (February 10, 2012)

Authority: The Interim Director of the Department of General Services (Department), pursuant to section 1106(a)(2) of the Procurement Practices Reform Act of 2010, effective April 8, 2011(D.C. Law 18-371; D.C. Official Code § 2-361.06(a)(2) )(2011 Repl.); sections 1025(a) and 1029 of the Department of General Services Establishment Act of 2011, effective September 14, 2011(D.C. Law 19-21; 58 DCR 6226); and Mayor's Order 2011-168, dated October 5, 2011.