Common use of Contract Extension Option Clause in Contracts

Contract Extension Option. The City may extend this Contract once following the expiration of the contract term for up to 181 Calendar Days or until such time as a new contract has been awarded for the purpose of providing continuity of services and/or supply while procuring a replacement contract subject to acceptable performance by the Contractor and contingent upon the appropriation of sufficient funds. The CPO will give the Contractor notice of the City’s intent to exercise its option to renew the Contract for the approaching option period.

Appears in 17 contracts

Samples: Professional Services Agreement, Professional Services Agreement, Professional Services Agreement

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Contract Extension Option. The City may extend this Contract once following the expiration of the contract term for up to 181 Calendar Days or until such time as a new contract has been awarded for the purpose of providing continuity of services and/or supply while procuring a replacement contract subject to acceptable performance by the Contractor and contingent upon the appropriation of sufficient funds. The CPO will give the Contractor notice of the City’s intent to exercise its option to renew the Contract for the approaching option period.

Appears in 1 contract

Samples: Professional Services Agreement

Contract Extension Option. The City may extend this Contract once following the expiration of the contract term for up to five (5) years to provide for ongoing Services. Time extensions will be exercised at the City’s option as one, two, three, four or five year increments up to five years. In additional the contract may be extended for an additional 181 Calendar Days or until at such time as a new contract has been awarded for the purpose of providing continuity of services and/or supply while procuring a replacement contract subject to acceptable performance by the Contractor and contingent upon the appropriation of sufficient funds. The CPO will give the Contractor notice of the City’s intent to exercise its option to renew the Contract for the approaching option period.

Appears in 1 contract

Samples: www.chicago.gov

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Contract Extension Option. The City may extend this Contract once following the expiration of the contract term for up to 181 Calendar Days or until such time as a new contract has been awarded for the purpose of providing continuity of services and/or supply while procuring a replacement contract subject to acceptable performance by the Contractor Consultant and contingent upon the appropriation of sufficient funds. The CPO will give the Contractor Consultant notice of the City’s intent to exercise its option to renew the Contract for the approaching option period.

Appears in 1 contract

Samples: www.chicago.gov

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