Terms Used In Alaska Statutes 36.30.699

  • Contract: A legal written agreement that becomes binding when signed.

In Alaska Stat. § 36.30.56036.30.695, “interested party” means an actual or prospective bidder or offeror whose economic interest may be affected substantially and directly by the issuance of a contract solicitation, the award of a contract, or the failure to award a contract; whether an actual or prospective bidder or offeror has an economic interest depends on the circumstances.