Contract Term Extension definition

Contract Term Extension means an extension of the term of this contract, at the request of Contractor, under this Sub- section. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. An extension can only be granted when Contracting Officer has de- termined that Contractor has diligently performed under the terms of this contract and when such extension is determined to be in the best interest of Forest Service. Contracting Officer may not grant Contractor’s writ-‌‌‌‌ ten request for Contract Term Extension, unless Con- tractor’s Operations to date have been in reasonable compliance with contract terms and the approved Tech- nical Proposal under B6.311 and all contractual require- ments have been met by Contractor and accepted by‌ Forest Service in active stewardship project areas and on areas cut over at time of Contractor’s request, except for areas where work is in progress at time of Contrac- tor’s request. Contractor’s burning of current slash or seeding or planting for erosion control may be tempo- rarily waived, if weather or other considerations make such work impractical.‌‌‌‌ Contract Term Extension shall not become effective unless the initial Extension Deposit required by B4.217 has been made by the effective date of any extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service meth- ods and appraisal data in effect 45 days prior to the orig- inal Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period.‌‌

Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Valu.e immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser's failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following: