Estimated value. Pursuant to FAR 8.405-3(a)(4), at the time of award, the government estimates the total five year value of BPA obligations to be $500 million. The requirement to provide a detailed agency accounting for estimated usage has been appropriately waived. Estimated value is not a ceiling and is provided for planning purposes only. The accumulated value of TOs issued under these BPAs may exceed this amount without modification to the BPA.
Appears in 3 contracts
Sources: Blanket Purchase Agreement, Blanket Purchase Agreement, Blanket Purchase Agreement