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 contract or contract renewal for more than one year in duration shall certify, by January 1 of each fiscal year covered by the contract after the initial fiscal year, to the chief procurement officer for the DEPARTMENT, a written statement of any changes that affect its ability to satisfy the requirements of Article 50 of the Illinois Procurement Code pertaining to eligibility for a contract award. If a consultant or subconsultant continues to meet all requirements of said Article, or if the work under the AGREEMENT has been substantially completed before contract expiration, but the contract term has not yet expired, it shall not be required to submit such a certification. 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 material false statement in relation 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 Illinois False Claims Act for submission of a false claim.