contractor's option

contractor’s option

A provision of the contract documents under which the contractor may select certain specified materials, methods, or systems at his own option, without change in the contract sum.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
[2] The comptroller general has held that "the intent of the regulations concerning the exercise of options is not to afford a firm that offered high prices under an original solicitation a second chance to beat the contractor's option price." [3] Nonetheless, unsuccessful bidders and offerors have succeeded at times in overturning the attempted exercise of an option and forcing a recompetition.
The retained counsel sometimes suggests filing before the deadline to keep the contractor's options open.
(13) The court correctly points out that the government's interpretation of the contract does not merely narrow the scope of the contractor's options, it eliminates an option and the court rejects the cases upon which the government and the ASBCA relied.
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