(1) When authorized under Fl. Admin. Code R. 60D-5.008, the Agency shall negotiate a contract for construction services for the project with the firm authorized under Fl. Admin. Code R. 60D-5.0082, at compensation determined to be fair, competitive and reasonable, to provide for profit, overhead, and direct management costs plus actual costs not to exceed a guaranteed maximum price.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Florida Regulations 60D-5.0091

  • Contract: A legal written agreement that becomes binding when signed.
    (2) Should the Agency be unable to negotiate a satisfactory contract with the firm considered to be the most qualified, at a price the Agency determines to be fair, competitive and reasonable, negotiations with that firm shall be formally terminated. The Agency shall then undertake negotiations with the second most qualified firm and thereafter if necessary with the third.
    (3) Should the Agency be unable to negotiate a satisfactory contract with any of the selected firms, additional firms shall be selected in accordance with Fl. Admin. Code R. 60D-5.0082 Negotiations shall continue in accordance with this section until an agreement is reached.
Rulemaking Authority 255.29, 255.30 FS. Law Implemented 255.29, 255.30 FS. History-New 1-25-89, Amended 11-5-91, Formerly 13D-11.0091, Amended 12-3-14.