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 12-6-3.118 - Multi-Term Contracts
Sec2 12-6-3.118.03 - Multi-Term Contract Procedure
Section 12-6-3.118.03.1 - Solicitation
Current through September 24, 2024
The solicitation must state:
(1) The amount of supplies or services required for the proposed contract period.
(2) That a unit price must be given for each supply or service, and that such unit prices must be the same throughout the contract.
(3) That the multi-term contract will be canceled only if funds are not appropriated or otherwise made available to support continuation of performance in any fiscal period succeeding the first; however, this does not affect either the State's rights or the contractor's rights under any termination clause in the contract.
(4) That the Agency Procurement Officer must notify the contractor on a timely basis that the funds are or are not available for the continuation of the contract for each succeeding fiscal period.
(5) That a multi-term contract may be awarded and how award will be determined including the fact that prices must be firm for the full term of the contract or, that a price adjustment is allowed, provided that the basis and method of adjusting unit prices must be included in the solicitation.
