provide the example of answer

Background Contract [insert Contract Number] for the provision of [description of products/services] commenced on [insert date DD Month YYYY]. The contract is for an initial period of [number] month/s / year/s. There are [number], [number]-month/year extension options or no extension options available under the contract. All extensions to the contract are exercisable at the absolute discretion of (name of Public Authority). [If this was not stated in the award letter, delete this sentence]. The first [number], [number]-month/year extension option/s has/have already been exercised. [If it is the first option, delete this sentence] Key Findings Summarise the key findings from the review (e.g. achievement of deliverables, value for money being obtained, new risks identified, performance, efficiencies etc). Recommendation Choose a recommendation and modify as required. Option 1: It is recommended that the first/second/third etc [number]-month/year extension option be exercised, extending the contract until [insert date DD Month YYYY]. Option 2: It is recommended that the first/second/third etc [number]-month/year extension option be declined and the contract finalised. The contract will expire on [insert date DD Month YYYY]. A procurement process will be undertaken to establish a new contract that will better satisfy Agency requirements. Option 3: It is recommended that the contract be recalled as there are no further extension options remaining; however, there is an ongoing need for the provision of [description of products/services]. The contract expires on [insert date DD Month YYYY]. A procurement process will be undertaken to establish a new contract