Option Exercise Modifications

Modified on Wed, 6 Nov at 12:50 PM

Figure 1. Option Exercise Icon

A Program Official (PO) will understand Option Exercise modifications in Symphony after reading this guide.

After signing in to Symphony, a PO for a contract vehicle will have access to Contract Management in either the Contracts or Contract Tasks tabs from the Dashboard (see Contract Management for Operations).

Using the Contracts Path: A PO initiating an Option Exercise modification will follow these steps:

Go to the Contracts tab.
Find the Contract Holder.
Use the Contract link.
Select Contract Modifications on the left menu.
Start a Contract Modification.
Select the Option Exercise button (see Figure 1).
- Symphony will display the Existing and New Start and End Dates to modify for the Contract Number.
Enter a contract modification number, date, and select continue.
Use the Generate Preview button to trigger the Continuation field in an SF-30 and edit the field as needed.
Use the Confirm Modification button and acknowledge or cancel the modification.
- Approving will change the Modification Status to Approved.
  Industry will see their Contract has an Option Exercise.
- Canceling the modification will display a Requested modification status and allow the PO to make changes or Reject Modification.
  Industry will see their Contract modification is requested.
- Rejecting will change the status to Rejected.
  Industry will see the rejected modification in their Contract Modifications section.
  (See Contract Management Activities for Industry).
Select the Approved Modification to sign the file and complete the action (see Figure 2).
- Symphony requires an MFA code to sign the file.
- It will be available using the same method as sign-in.

Figure 2. Complete an Option Exercise modification using the Sign File button.

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