Robotic process automation (RPA) bot designed to initiate and execute steps in the process of providing written notice of intent to exercise contract options.
The preparation of a Letter of Intent is part of the process for exercising a contract option. As covered in FAR 17.207 Exercise of options, the process of executing an option begins with determining that there is an existing need that can be fulfilled by exercising the option in the contract and providing written notice to the contractor of the government’s intent to exercise the option. FAR 17.207(a) requires the contracting officer to provide written notice within the time period specified in the contract.
For a complete list of steps involved in exercising options, see Activity 34 in FAI’s Contracting Professionals Smart Guide.
- Initiate and execute steps in the process of providing written notice of intent to exercise contract options
- Increased compliance
- Reduced risks (and potential for increased costs)
- Improved accuracy
