You are a contracting officer for a groundskeeping services contract with a base year period of performance and three, one - year option periods. The

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You are a contracting officer for a groundskeeping services contract with a base year period of performance and three, one$-$year option periods. The total contract value is $$855,000.$  The base year period of performance just concluded, and you exercised the first one$-$year option. Question: Are you required to prepare an annual past performance evaluation? Pick one: Yes, No$,$ Only if the annual contract value exceeds the SAT. Provide the regulatory reference to support the answer