Common use of Multi-Year Contracts Clause in Contracts

Multi-Year Contracts. Section 50-2 of the Illinois Procurement Code provides that every person that has entered into a multi-year contract and every subconsultant with a multi-year subcontract shall certify, by July 1 of each fiscal year covered by the contract after the initial fiscal year, to the responsible chief procurement officer whether it continues to satisfy the requirements of Article 50 pertaining to the eligibility for a contract award. If a consultant or subconsultant is not able to truthfully certify that it continues to meet all requirements, it shall provide with its certification a detailed explanation of the circumstances leading to the change in certification status. A consultant or subconsultant that makes a false statement material to any given certification required under Article 50 is, in addition to any other penalties or consequences prescribed by law, subject to liability under the Whistleblower Reward Act for submission of a false claim.

Multi-Year Contracts. Section 50-2 of the Illinois Procurement Code provides that every person that has entered into a multi-year contract and every subconsultant SUBCONSULTANT with a multi-year subcontract shall certify, by July 1 of each fiscal year covered by the contract after the initial fiscal year, to the responsible chief procurement officer whether it continues to satisfy the requirements of Article 50 pertaining to the eligibility for a contract award. If a consultant or subconsultant SUBCONSULTANT is not able to truthfully certify that it continues to meet all requirements, it shall provide with its certification a detailed explanation of the circumstances leading to the change in certification status. A consultant or subconsultant SUBCONSULTANT that makes a false statement material to any given certification required under Article 50 is, in addition to any other penalties or consequences prescribed by law, subject to liability under the Whistleblower Reward Act for submission of a false claim.