Current through April, 2024
Section 3-122-135 - Types of contracts(a) Contract types described below are the principal contract types and any other type not described may be used, subject to the prohibition and restriction in section 3-122-133.(b) Contract types are categorized based on the following and a type of contract may be a combination of any of the following: (1) Compensation, which includes: (A) Fixed-price contract, pursuant to section 3-122-136, as follows: (i) Firm fixed-price contract; and(ii) Fixed-price contract with price adjustment;(B) Cost-reimbursement contract, pursuant to section 3-122-137, as follows: (i) Cost contract without fee;(ii) Cost-plus-fixed fee contract of the completion form type or the term form type; and(iii) Cost-plus-a-percentage-of-cost contract;(2) Cost incentives to provide special incentives to reduce total costs of performance, which includes cost-incentive contract, pursuant to section 3-122-138, as follows: (A) Fixed-price cost incentive contract; and(B) Cost-reimbursement contract with cost incentive fee;(3) Performance incentive, pursuant to section 3-122-139;(4) Time and materials, pursuant to section 3-122-140;(5) Labor hour, pursuant to section 3-122-141;(6) Quantity, which includes: (A) Definite quantity contract, pursuant to section 3-122-142; and(B) Indefinite quantity contract, which includes requirements contract, pursuant to section 3-122-143;(7) Use of multiple sources when conditions exist under which it is either necessary or advantageous to award a contract to more than one supplier for the same item on a solicitation, or for similar items, which includes: (A) Incremental award contract of a definite quantity, pursuant to section 3-122-144;(B) Multiple award contract of an indefinite quantity, pursuant to section 3-122-145; and(C) Geographic or regional award contract, pursuant to section 3-122-146;(8) Passing of title, which includes lease contracts, pursuant to section 3-122-147;(9) Installment purchase payments, pursuant to section 3-122-148; and(10) Length of contract, which includes multi-term contracts, pursuant to section 3-122-149.[Eff 12/15/95; am and comp 11/17/97; am and comp MAR 21 2008] (Auth: HRS §§ 103D-202, 103D-313, 103D-322) (Imp: HRS §§ 103D-313, 103D-315, 103D-322)