(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.

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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.