Louisiana Administrative Code
Title 70 - TRANSPORTATION AND DEVELOPMENT
Part XXIII - Purchasing
Chapter 3 - Purchasing Rules and Regulations
Section XXIII-441 - Exercise of Renewal Option
Universal Citation: LA Admin Code XXIII-441
Current through Register Vol. 50, No. 9, September 20, 2024
A. Before exercising any option for renewal, the DOTD procurement director or designee shall attempt to ascertain whether a re-solicitation is practical.
B. Factors to be considered include but are not limited to:
1.
current market conditions;
2.
trends;
3. cost factors;
4. price comparisons with similar service in
other states; and
5. various other
factors as determined by the DOTD procurement director.
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1551-1736 and 48:204-210.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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