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PGI 243.204-70-3: Definitization schedule.

PGI › Part 243 › PGI 243.204-70-3

This PGI section supplements: DFARS 243.204-70-3 · FAR 43.204-70-3
The corresponding FAR Part 43 and DFARS Part 243 have been overhauled under the RFO. PGI replacement text is provided in the RFO deviation attachment. View FAR Part 43

Current Content

(a) Unpriced change orders shall contain definitization schedules that provide for definitization by the earlier of—

(1) The date that is 180 days after issuance of the change order (this date may be extended but may not exceed the date that is 180 days after the contractor submits a qualifying proposal); or

(2) The date on which the amount of funds obligated under the change order is equal to more than 50 percent of the not-to-exceed price.

(b) Submission of a qualifying proposal in accordance with the definitization schedule is a material element of the contract. If the contractor does not submit a timely qualifying proposal, the contracting officer may suspend or reduce progress payments under FAR 32.503-6, or take other appropriate action.

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