Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROL
Part V - Procurement
Chapter 21 - Miscellaneous Contract Provisions for Supplies, Services, and Major Repairs
Section V-2103 - Exercise of Option [Formerly LAC 34:I.2103]
Universal Citation: LA Admin Code V-2103
Current through Register Vol. 50, No. 3, March 20, 2024
A. Before exercising any option for renewal, extension, or purchase, the chief procurement officer shall attempt to ascertain whether a re-solicitation is practical, in terms of current market conditions and trends and cost factors, and would be more advantageous to the state than renewal or extension of the existing contract.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1581.
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