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The exercise of an option is the Postal Service’s decision to use the clauses present in the current contract to continue the supplier’s performance. Options allow the purchase/SCM team to purchase additional amounts of items or services than those required initially or to extend contract performance past the original period. Options are either priced or unpriced at the time of contract award. If they are unpriced, price must be agreed to via discussions and negotiations before the option can be exercised.
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