R-24-106-105-01
Current through Register Vol. 48, No. 1, January 10, 2025
"Multiyear contract" means a contract for the purchase of supplies or services with a performance period of more than twelve months at the time of its initial execution. A contract with a performance period of twelve or fewer months with subsequent renewal options on the part of the state of no more than one year does not constitute a multiyear contract. Written approval by the procurement official or his or her designee is required prior to entering into a multiyear contract.
R-24-106-105-01