N.Y. Comp. Codes R. & Regs. tit. 21 § 2052.3

Current through Register Vol. 46, No. 50, December 11, 2024

Section 2052.3 - Reasons for use of personal service contracts

The corporation will use an outside contractor only after the president, or other responsible official after consultation with the president or the executive vice president, shall have determined that it is appropriate to do so. In making such a determination, the following factors shall be considered:

(a) the amount of time likely to be required in performing the services;

(b) the degree of special skill likely to be required in performing the services;

(c) the availability of employees of the corporation possessing the skills needed to perform the services;

(d) the likely expense of training employees of the corporation to perform the services, and the likely future benefits to the corporation of such training;

(e) the availability of outside contractors and the likely expense of using outside contractors;

(f) the requirement that the services be rendered by an independent professional, as in the case of auditors' opinions or legal opinions;

(g) the effect of use of outside contractors on other agreements and operations of the corporation;

(h) the extent to which the corporation has successfully used outside contractors in the past for the services to be performed; and

(i) the need to assure that the corporation conducts its operations in the most effective and efficient manner.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 2052.3