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Contract Clauses for Solicitation 47QSMD20R0001 Refresh Number 19 Contract Number: GS -07F -0031W <br />frames of this paragraph shall constitute acceptance whereupon all provisions of the contract shall <br />apply. <br />(g) The Government is obligated to purchase under each resultant contract a guaranteed minimum of <br />$2,500 (two thousand, five hundred dollars) during the contract term. <br />(h) All users of GSA's Federal Supply Schedules, including non -Federal users, shall use the schedules <br />in accordance with the ordering guidance provided by the Administrator of General Services. GSA <br />encourages non -Federal users to follow the Schedule Ordering Procedures set forth in the Federal <br />Acquisition Regulation (FAR) 8.4, but they may use different established competitive ordering <br />procedures if such procedures are needed to satisfy their state and local acquisition regulations and/or <br />organizational policies. <br />552.238-117 PRICE ADJUSTMENT—FAILURE TO PROVIDE <br />ACCURATE INFORMATION (OCT 2023) <br />(a) The Government, at its election, may reduce the price of this contract or contract modification if the <br />Contracting Officer determines after award of this contract or contract modification that the price <br />negotiated was increased by a significant amount because the Contractor failed to: <br />(1) provide information required by this solicitation/contract or otherwise requested by the <br />Government; or <br />(2) submit information that was current, accurate, and complete; or <br />(3) disclose changes in the Contractor's commercial pricelist(s), discounts or discounting policies <br />which occurred after the original submission and prior to the completion of negotiations. <br />(b) The Government will consider information submitted to be current, accurate and complete if <br />the data is current, accurate and complete as of 14 calendar days prior to the date it is submitted. <br />(c) If any reduction in the contract price under this clause reduces the price for items for which payment <br />was made prior to the date of the modification reflecting the price reduction, the Contractor shall be <br />liable to and shall pay the United States— <br />(1) The amount of the overpayment; and <br />(2) Simple interest on the amount of such overpayment to be computed from the date(s) of <br />overpayment to the Contractor to the date the Government is repaid by the Contractor at the <br />applicable underpayment rate effective each quarter prescribed by the Secretary of Treasury <br />under 26 U.S.C.6621(a)(2). <br />(d) Failure to agree on the amount of the decrease shall be resolved as a dispute. <br />(e) In addition to the remedy in paragraph (a) of this clause, the Government may terminate this <br />contract for default. The rights and remedies of the Government specified herein are not exclusive, and <br />are in addition to any other rights and remedies provided by law or under this contract. <br />(End of clause) <br />I -FSS -639 CONTRACT SALES CRITERIA (SEP 2023) <br />The Federal Supply Schedule (FSS) Contracting Officer may decide not to exercise the first option <br />to extend the term of the contract if the Contractor's reported sales are not expected to exceed <br />$100,000 within the first 60 months following contract award. The FSS Contracting Officer may <br />Page: 164 of 216 <br />251 <br />