Utah Admin. Code R33-12-404a - Contracts With Renewal Options
(1) In
order to ensure fair and open competition in the procurement process and to
avoid costs associated with administering contracts with renewal options,
executive branch procurement units shall document in writing why renewal
options are in the best interest of the procurement unit taking into
consideration:
(a) federal funding
requirements;
(b) the cost
associated with administering renewal options;
(c) how the cost of the procurement item will
be established during any renewal periods; and
(d) how the principle of upholding fair and
open competition will be maintained.
Notes
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