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47QSMD20R0001 Refresh: 0009 Section III A. Terms and Conditions Related to Schedule Contract Administration <br />(a) The Government may require continued performance of this contract for an additional 5 year period <br />when it is determined that exercising the option is advantageous to the Government considering price <br />and other factors.. The option clause may not be exercised more than three times. When the option to <br />extend the term of this contract is exercised the following conditions are applicable: <br />(1) It is determined that exercising the option is advantageous to the Government considering <br />price and the other factors covered in (2 through 4 below). <br />(2) The Contractor's electronic catalog/pricelist has been received, approved, posted, and kept <br />current on GSA Advantage!® in accordance with clause I-FSS-600, Contract Price Lists. <br />(3) Performance has been acceptable under the contract. <br />(4) Subcontracting goals have been reviewed and approved <br />(b) The Contracting Officer may exercise the option by providing a written notice to the Contractor <br />within 30 days, unless otherwise noted, prior to the expiration of the contract or option. <br />(c) When the Government exercises its option to extend the term of this contract, prices in effect at the <br />time the option is exercised will remain in effect during the option period, unless an adjustment is made <br />in accordance with another contract clause (e.g., Economic Price Adjustment Clause or Price Reduction <br />Clause). <br />Begin Regulation <br />I-FSS-40 CONTRACTOR TEAM ARRANGEMENTS (DEC 2019) <br />Contractors participating in contractor team arrangements must abide by all terms and conditions of their <br />respective contracts. This includes compliance with contract clause 552.238-80, Industrial Funding Fee and <br />Sales Reporting, i.e., each contractor (team member) must report sales and remit the IFF for all products and <br />services provided under its individual contract. <br />Begin Regulation <br />I-FSS-600 CONTRACT PRICE LISTS (APR 2021) <br />(a) Electronic Contract Data. <br />(1) At the time of award, the Contractor will be provided instructions for submitting electronic <br />contract data in a prescribed electronic format as required by clause 552.238-77, Submission and <br />Distribution of Authorized Federal Supply Schedule (FSS) Price Lists. <br />(2) The Contractor will have a choice to transmit its file submissions electronically through <br />Electronic Data Interchange (EDI) in accordance with the Federal Implementation Convention <br />(IC) or use the application made available at the time of award. The Contractor's electronic files <br />must be complete; correct; readable; virus free; and contain only those supplies and services, <br />prices, and terms and conditions that were accepted by the Government. They will be added to <br />GSA's electronic ordering system known as GSA Advantage!®, amenu driven database system <br />that provides online access to contract ordering information, teens and conditions, up to date <br />pricing, and the option to create an electronic order. The Contractor's electronic files must be <br />received no later than 30 days after award. Contractors should refer to clause 552.238-88 GSA <br />Advantage!® for further information. <br />(3) Further details on EDI, ICs, and GSA Advantage! ® can be found in clause 552.238-103, <br />Page: 114 of 141 <br />