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Terms Used In Alaska Statutes 36.30.170

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

After applying any preferences that apply under AS 36.15.050 and AS 36.30.32136.30.338, a procurement officer shall award a contract based on the solicited bids with reasonable promptness by written notice to the lowest responsible and responsive bidder whose bid conforms in all material respects to the requirements and criteria set out in the invitation to bid.