(1) Contracts for commodities or contractual services may be renewed for a period that may not exceed 3 years or the term of the original contract, whichever is longer, in varying increments (e.g., a two-year renewal followed by a four-month renewal) or for a single term (e.g., a two-year renewal). The agency shall document that the renewal is in the best interest of the State and keep such justification in the contract file.

Terms Used In Florida Regulations 60A-1.048

  • Contract: A legal written agreement that becomes binding when signed.
    (2) Contracts for commodities or contractual services may be renewed and extended in any sequence or combination.
Rulemaking Authority Florida Statutes § 287.032(2), 287.042(12) FS. Law Implemented 287.057(12), (13) FS. History-New 6-21-04, Amended 4-14-16.