LAC 34:V.1905. Multi-Year Contract Procedure

A. Solicitation. The solicitation shall state: 1. the estimated amount of supplies, services or major repairs required for the proposed contract period; 2. whether a unit price discounted off of established catalog price shall be given for each supply, or service or major repair, and that such unit prices or discount shall be the same throughout the contract (except to the extent price adjustments may be provided in the solicitation and resulting contract); 3. that the multi-year contract will be canceled if funds are not appropriated, un-appropriated, or otherwise not made available to support continuation of performance in any fiscal period succeeding the first; 4. if an installment purchase, that the provisions of R.S. 39:1616 shall apply. 5. how the multi-year contract award will be determined. B. Cancellation 1. Cancellation, as used in multi-year contracting, means the cancellation of the total requirements for the remaining portion of the contract because funds were not appropriated or otherwise made available. 2. Cancellation results when the procurement officer notifies the contractor of nonavailability of funds for contract performance for any subsequent fiscal period. 3. Nothing in this Section shall be construed to limit the authority otherwise existing for an agency to terminate a contract for convenience, or for cause, or for any other lawful reason allowable in the contract, or as required in law or regulation.