Removal From The Approved List of IRAC's

Removal From The Approved List of IRAC's. A. IRAC's may be removed for cause from the approved list of contractors at any time by the Commission according to the procedures established in Miss. Code Ann., Section 49- 17-427. A contractor who is removed from the approved list of IRAC's shall not be reconsidered for approval for a length of time specified by the Commission. B. Causes which may result in nonrenewal, removal, and/or penalties include but are not limited to: (1) fraud and/or lack of integrity; (2) bankruptcy; (3) failure to pay subcontractors within a reasonable time or within the time agreed to by the subcontractor and the IRAC; (4) failure to exercise good safety practices; (5) failure to maintain the skills and satisfy the requirements on which approval was originally based; (6) failure to meet any of the performance standards in Rule 1.7 of these regulations; or (7) other good cause deemed appropriate by the Commission.