Wyoming Administrative Code
Agency 091 - Wyoming Stable Token Commission
Sub-Agency 0001 - General Agency, Board or Commission
Chapter 4 - Post-Award Project Performance
Section 4-2 - Contract negotiation and execution

Universal Citation: WY Code of Rules 4-2

Current through September 21, 2024

(a) All contracts for projects procured under these rules shall be:

(i) Negotiated and executed in consideration of the estimated value, scope, complexity and professional nature of the services to be rendered;

(ii) Submitted to and approved by the Attorney General's Office in compliance with procedures established by the Attorney General's Office;

(iii) Executed by the Director;

(iv) Executed on the Commission's contract templates, unless otherwise approved by the Commission and the Attorney General's Office. The Director shall select the correct template that corresponds to the scope of work of the intended project, subject to review and guidance by the Commission; and

(v) Filed with the Commission.

(b) Modifications to Commission contract templates, including adjustments to further stipulate services and reflect the scope of the particular project, on a project-by-project basis may be submitted to the Director for review and approval in consultation with the Attorney General's Office. Major modifications, as determined by the Commission, require approval by the Commission and the Attorney General's Office. All modifications shall be submitted to the Attorney General's Office and the Commission in compliance with the process outlined in Section 2(a) of this chapter. All amendments to project contracts shall be treated as modifications per this subsection. The Commission shall be responsible to pay any costs incurred on a contract modified and executed without the necessary approvals until such time as a contract acceptable to the Commission and the Attorney General's Office is signed.

(c) Retainage may be required at the discretion of the Commission.

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