The CCO shall utilize the type or types of contract described in this section for each method of procurement, unless a different type of contract is in the best interest of the University.
When the competitive sealed bidding method of procurement is utilized, the CCO shall utilize either a firm-fixed-price or a fixed-price with economic price adjustment type contract , unless a different type of contract is in the best interest of the University.
The CCO shall use a firm-fixed-price contract when the requirement is clearly defined and can be priced on a firm-fixed-price basis and when the risk involved is minimal to the University, unless a different type of contract is in the best interest of the University.
The CCO shall give preference to selecting contract types in the following order:
The CCO shall ensure that all contracts entered into by the University include all applicable clauses to protect the University's interests.
D.C. Mun. Regs. tit. 8, r. 8-B3021