5.001  Definitions

Face value is the "reporting amount" required by DFARS Subsection 205.303(a)(i). Determine the face value as follows:

• Contractual actions, including modifications (other than those discussed below):Report the contract price excluding unexercised options when it exceeds $6.5M and any subsequent modifications exceeding $6.5M.

•  Undefinitized contractual actions: Report the not-to-exceed (NTE) or ceiling price when it exceeds $6.5M. See DFARS 205.303(a)(i)(A) for additional guidance.

• Indefinite delivery, time and material, labor hour, and similar contractual actions: Report the maximum amount (contract ceiling price/NTE) excluding unexercised options of the basic contract when it exceeds $6.5M. Regardless of value, do not report individual orders or modifications up to the maximum amount of the basic contract. After the maximum amount of the basic contract is reached, report any subsequent orders or modifications exceeding $6.5M.

•  Indefinite term Communication Service Authorizations (CSAs) processed via the Inquiry/Quote/Order (IQO) process: Report if the Monthly Recurring Charge (MRC) multiplied by the estimated service life plus the Non-Recurring Charge (NRC) exceeds $6.5M.

•  Exercising options: Report the option price when it exceeds $6.5M and any subsequent modifications exceeding $6.5M.

•  Incrementally funded contractual actions: Report the contract price (not the obligated amount) excluding unexercised options when it exceeds $6.5M. Regardless of value, do not report modifications up to the contract price of the basic contract. After the contract price of the basic contract is reached, report any subsequent modifications exceeding $6.5M. Apply this guidance when incrementally funding orders (order amount) or options exercised (option price), etc.

•  Orders against Federal Supply Schedules: Do not report these actions.