2. Procurement Rules and Practices

Eliminate Non-Value Option Exercise Procedures

Rewrite FAR Part 17.207 for options. Flip the requirement for due diligence to focus on those contracts where the option will NOT be exercised rather than when it will be exercised. Probably 99.99% of options are exercised each fiscal year. This is a huge resource drain on COs and keeps contractors in limbo for no reason. Eliminate this pencil whip exercise so that COs can focus on getting the funding modification correct and out on time, rather than distracted by a redundant unilateral modification a couple months earlier. This should be a unilateral right to NOT exercise an option.



10 votes
Idea No. 63