MLchartDataset catalogue

Option

Term · Environment · MLC-T-ENV-019734

Unilateral right in a contract by which, for a specified time, the Government may elect to purchase additional supplies or services called for by the contract, or may elect to extend the term of the contract.

Table 1. Record
IdentifierMLC-T-ENV-019734
FieldEnvironment
References48 CFR 2.101 (CFR 2018)
Record as JSON 
{
  "id": "MLC-T-ENV-019734",
  "term": "Option",
  "field": "Environment",
  "definition": "Unilateral right in a contract by which, for a specified time, the Government may elect to purchase additional supplies or services called for by the contract, or may elect to extend the term of the contract.",
  "references": [
    "48 CFR 2.101 (CFR 2018)"
  ],
  "url": "https://mlchart.com/terminology/environment/option/"
}

Record 19,734 of 30,736 in Environment terminology (MLC-0121). Request the full dataset.