What Is an Option in Public Contracts?
A pre-agreed possibility the buyer can trigger unilaterally, typically to extend the contract or expand the delivery.
What is an option in a contract?
A right the buyer can exercise unilaterally, typically to extend the contract period or to buy additional quantities, on terms fixed in advance.
Must options be included in the estimated value?
Yes. The value of all options and extensions counts towards the estimated contract value, which determines which rules apply.
Can a supplier refuse an option?
Not if it is set out in the contract. The supplier accepted it by bidding, so the terms of any option should be checked before submission.
