Mississippi Administrative Code
Title 12 - Finance and Administration
Part 6 - Office of Purchasing, Travel and Fleet Management
Chapter 3 - Source Selection and Contract Formation
Sec2 12-6-3.116 - Types of Contracts
Sec2 12-6-3.116.05 - Definite Quantity and Indefinite Quantity Contracts
Section 12-6-3.116.05.3 - Requirements Contracts

Universal Citation: MS Code of Rules 12-6-3.116.05.3

Current through September 24, 2024

A requirements contract is an indefinite quantity contract for supplies or services that obligates the State to order all the actual requirements of designated using agencies during a specified period of time. The obligation to order the State's actual requirements is limited only by the provisions of Section 31-7-12(1), Mississippi Code of 1972, Annotated. For the protection of the State and the contractor, requirements contracts shall include the following:

(1) A provision which requires the State and any other users named in the solicitation to order their actual requirements of the supplies or services covered. However, the State may reserve in the solicitation and in the resulting contract the right to take bids separately if a particular quantity requirement arises which exceeds the State's normal requirements or an amount specified in the contract.

(2) Three exemptions from ordering under the contract occur when:

(a)The Chief Procurement Officer or the head of a purchasing agency approves a finding that the supply or service available under the contract will not meet a nonrecurring, special need of the buying entity;

(b)Commodities are produced or services are performed incidental to the State's own programs, such as Mississippi Industries for the Blind, that can satisfy the need; or

(c) The Chief Procurement Officer approves a finding that prices obtained in compliance with paragraph (a), (b), or (c) of Section 31-7-13, Mississippi Code of 1972, Annotated, provide a cost effective alternative to the established state contract.

Disclaimer: These regulations may not be the most recent version. Mississippi 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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