Instant contract means the contract under which the Value Engineering Change Proposal (VECP) is submitted. It does not include increases in quantities after acceptance of the Value Engineering Change Proposal (VECP) that are due to contract modifications, exercise of options, or additional orders. If the contract is a multiyear contract, the term does not include quantities funded after Value Engineering Change Proposal (VECP) acceptance. In a fixed-price contract with prospective price redetermination, the term refers to the period for which firm prices have been established.
Since 2001 Coley GCS has helped companies worldwide successfully win and manage more than $1 Billion in Government Contracts. We specialize in GSA Schedules but support any contracting vehicle. We build long term relationships with clients –many who have put their trust in our advice for over a decade.