Section 3-122-143 - Indefinite quantity contract(a) An indefinite quantity contract is a type of fixed-price contract for an indefinite amount of goods or services to be furnished at specified times, or as ordered.(b) The solicitation for an indefinite quantity contract: (1) Shall include an approximate quantity or the best information available as to quantity;(2) May provide a minimum quantity the purchasing agency is obligated to order and may also provide for a maximum quantity provision that limits the purchasing agency's obligation to order.(c) A requirements contract is a type of indefinite quantity contract for goods or services that obligates the purchasing agency to order all the actual requirements of designated agencies during a specified period of time, and for the protection of the purchasing agency and the contractor, may include the following: (1) A provision which requires the purchasing agency and any other users named in the solicitation to order their actual requirements of the goods or services covered; and(2) A provision to reserve the right to take bids separately if a particular quantity requirement arises which exceeds the purchasing agency's normal requirements or an amount specified in the contract.(d) An exemption from ordering under a requirements contract may be granted when the chief procurement officer, head of the purchasing agency, or a designee approves a finding that the good or service under the contract will not meet the needs of the purchasing agency.[Eff 12/15/95; am and comp 11/17/97; am and comp MAR 21 2008] (Auth: HRS §§ 103D-202, 103D-313) (Imp: HRS § 103D-313)