Mississippi Administrative Code
Title 12 - Finance and Administration
Part 9 - Office of Personal Service Contract Review Rules and Regulations
Chapter 14 - CONTRACTS
Section 12-9-14.1 - Selection of Contract Type

Universal Citation: MS Code of Rules 12-9-14.1
Current through September 24, 2024

The selection of an appropriate contract type depends on the nature of the services to be procured, the uncertainties which may be involved in contract performance, and the extent to which the Agency or the contractor is to assume the risk of the cost of contract performance.

The objective when selecting a contract type is to obtain the services needed in the time required and in a way that provides best value to the Agency. In order to achieve this objective, the procuring Agency should review those elements of the procurement which directly affect the cost, time, risk, and profit incentive prior to selecting the contract type.

Factors to consider in selecting any type of contract include, but are not limited to:

* the type and complexity of services being procured;

* the difficulty of estimating performance costs;

* the administrative costs to both parties;

* the degree to which the Agency will need to provide technical coordination;

* the effect on the amount of competition to be expected;

* the stability of market prices or wage levels;

* the urgency of the requirement; and

* the length of contract performance.

It is self-defeating for a procuring Agency to select a type of contract which would place an unreasonable economic risk on the contractor, since such action may jeopardize satisfactory performance of the contract and/or result in inflated contract pricing.

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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