R33-12-404a. Contracts With Renewal Options

Latest version.

  (1) In order to ensure fair and open competition in the procurement process and to avoid costs associated with administering contracts with renewal options, executive branch procurement units shall document in writing why renewal options are in the best interest of the procurement unit taking into consideration:

  (a) federal funding requirements;

  (b) the cost associated with administering renewal options;

  (c) how the cost of the procurement item will be established during any renewal periods; and

  (d) how the principle of upholding fair and open competition will be maintained.

                    
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