Joseph Feibel – January 7, 2018
I just have a couple of questions.
Question:
1. Maybe it’s just me but I’m still not clear on how to read contract modifications when funding has been added; especially when there’s more than one CLIN. (what’s CLIN stand for, anyway?) How do I know what the new funding balance is for any given CLIN, etc.
Answer:
CLIN stands for Contract Line Item Number; the vendor would be expected to provide a separate price for each CLIN on the Contract. If a modification adds funding to a CLIN, it should reflect the new total. Often the Contracting Officer will also provide a statement in the Modification for the CLIN being increased such as the funding for CLIN 0001, Labor, is being increased from: $10,000 by: $5,000 to: $15,000.
2. Is there a suggested excel table/format to keep the same numbers that IBC shows. IBC has sent me their tables and it’s different from the way I have it set up. In one contract, I show a different balance than IBC. For me, it would be easier if there was one standard format for keeping track of balances.