You have released your RFP on the GPE; it is a five year aircraft maintenance contract for a fleet of 25 aircraft. Two weeks later the Program Manager tells you the requirement has changed; they now need only one year's worth of maintenance and the size of the fleet has been reduced to 5 aircraft. What should you do with your solicitation?

Update the solicitation to account for the change in requirements and new terms and conditions and reduce the response time because the scope of the effort has been reduced.

Cancel the solicitation and issue a new one to account for the change in requirements and new terms and conditions.

Abandon the solicitation and issue a new one to account for the change in requirements and new terms and conditions.

Amend the solicitation to account for the change in requirements and new terms and conditions.