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Section |
Title
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Effective
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Replaces
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CONTRACT ADMINISTRATION AND TRANSACTIONS
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EXTENDED PERIOD CONTRACTS
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9/16/19
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PRO-E-24
(11-25-02)
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SCOPE:
The purpose of this policy is to establish circumstances and official procedure for allowing extended period contracts.
POLICY:
Contracts run for terms that align with PRO-206, Length of Contracts. However, s. 16.75(3), Wis. Stats., provides that under certain circumstances procurement contracts may be for any period which is in the best interests of the state so long as the term is incorporated in the solicitation and contract document.
An extended period contract status is reserved for exceptional circumstances when continuing a contractual relationship with a supplier for an extended period is more beneficial to the state than could be provided by any other supplier in the foreseeable future.
All extended period contracts must be approved by the State Bureau of Procurement.
Click below for full policy document:
PRO-418 Extended Period Contracts