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$150,000 was committed in February for a research and development contract to be awarded in May. Unfortunately, the lowest bid received by the Procuring Contracting Officer was $200,000. According to the rules governing commitments: (select one) A.

A. new commitment for an additional $200,000 should be recorded

B. The $200,000 obligation for the contract award can be recorded without adjusting the original commitment amount

C. The official who authorized the original commitment need not take any action

D. The original commitment amount must be increased to $200,000 before the obligation can be recorded

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92424467

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