§ 970.1706 Management and operating contracts
§ 970.1706-1 Award, renewal, and extension
§ 970.1706-2 Contract clause
§ 970.1707 Strategic Partnership Projects
§ 970.1707-1 Scope
§ 970.1707-2 Purpose
§ 970.1707-3 Terms governing Strategic Partnership Projects
§ 970.1707-4 Contract clause

Terms Used In CFR > Title 48 > Chapter 9 > Subchapter I > Part 970 > Subpart 970.17 - Special Contracting Methods

  • Contract: A legal written agreement that becomes binding when signed.
  • option: as used in this subpart means a unilateral right in the contract by which the Government can extend the term of the contract. See 48 CFR 970.1706-1
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.