Statutes, codes, and regulations
Louisiana Administrative Code
Title 34 - GOVERNMENT CONTRACTS, PROCUREMENT AND PROPERTY CONTROLPart V - Procurement
Chapter 21 - Miscellaneous Contract Provisions for Supplies, Services, and Major Repairs
Section V-2103 - Exercise of Option [Formerly LAC 34:I.2103]

La. Admin. Code tit. 34 § V-2103

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Current through Register Vol. 50, No. 11, November 20, 2024
Section V-2103 - Exercise of Option [Formerly LAC 34:I.2103]
A. Before exercising any option for renewal, extension, or purchase, the chief procurement officer shall attempt to ascertain whether a re-solicitation is practical, in terms of current market conditions and trends and cost factors, and would be more advantageous to the state than renewal or extension of the existing contract.

La. Admin. Code tit. 34, § V-2103

Promulgated by the Office of the Governor, Division of Administration, Office of State Purchasing, LR 8:337 (July 1982), amended LR 21:566 (June 1995), repromulgated LR 40:1362 (July 2014), Amended by the Office of the Governor, Division of Administration, Office of State Procurement, LR 44760 (4/1/2018).
AUTHORITY NOTE: Promulgated in accordance with R.S. 39:1581.