44 Ill. Adm. Code 1400.3505

Types of Contracts

Year: 2026Length: 101 wordsOfficial source
Section 1400 Section 1400.3505  Types of Contracts a)         General The Chief Legal Counsel shall determine the general form of all contracts. Subject to the limitations of this Section, the Chief Legal Counsel may use any type of contract that promotes the best interest of the State. b)         Prohibitions and Limitation Cost-plus-a-percentage-of-cost contracts are prohibited.  Cost-reimbursement contracts may only be used when the Chief Procurement Officer makes a written determination that a cost-reimbursement contract is likely to be less costly to the State than any other type or that it is impracticable to obtain the item except under that type of contract.
44 Ill. Adm. Code 1400.3505: Types of Contracts | Justis AI