Multiyear contract definition

Multiyear contract means a contract that extends beyond a one-year period, including a contract that permits renewal of the contract, without competition, beyond the first year of the contract.
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Multiyear contract means a contract that extends beyond a one-year period,
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Multiyear contract means a contract for the purchase of supplies or services for more than one, but not more than five, program years. A multiyear contract may provide that performance under the contract during the second and subsequent years of the contract is contingent upon the appropriation of funds, and (if it does so provide) may provide for a cancellation payment to be made to the contractor if appropriations are not made.”
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Examples of Multiyear contract in a sentence

  • Multi-year contract means a contract for the purchase of supplies or services for more than 1, but not more than 5, program years.

  • Multi-year contract procedures provide for the amortization of certain costs over the entire contract quantity resulting in identical (level) unit prices (except when the economic price adjustment terms apply) for all items or services under the multi-year contract.

  • Multi-year contract award for FY 2013 and FY 2012 with Department of Energy – Energy Program appropriated funds, regardless of dollar amount.

  • Any contract that provides for expenditures in excess of on million dollars ($l,000,000.00) in a twelve (12) month period or any contract which is a Multiyear contract shall not be binding or give rise to any claim or demand against the Hospital until approved by the Council of the District of Columbia and thereafter signed by the Contracting Officer.

  • However, one potential caveat to this view is that the activity of LIP neurons is known to drop off sharply once the eye movement is made [22,23].

  • Multiyear contracts.(a) Authority.(b) Termination clause.(c) Cancellation ceiling notice.(d) Multiyear contract defined.(e) Rule of construction.254d.

  • Any contract that provides for expenditures in excess of $l,000,000 in a twelve (12) month period or any contract which is a Multiyear contract shall not be binding or give rise to any claim or demand against the Hospital until approved by the Council of the District of Columbia and signed by the Contracting Officer.

  • Multi-year contract means a contract for the purchase of supplies or services for more than one (1), but not more than five (5), fiscal years.

  • Any contract that provides for expenditures in excess of a million dollars ($l,000,000.00) in a twelve (12) month period or any contract which is a Multiyear contract shall not be binding or give rise to any claim or demand against the Hospital until approved by the Council of the District of Columbia and thereafter signed by the Contracting Officer.

  • Multi-year contract including the requirements for each program year.(b) Criteria for comparing the lowest evaluated submission on the first program year requirements to the lowest evaluated submission on the multi-year requirements.(c) A provision that, if the Government determines before award that only the first program year requirements are needed, the Government’s evaluation of the price or estimated cost and fee shall consider only the firstyear.


More Definitions of Multiyear contract

Multiyear contract means a contract for the purchase of supplies or services with a performance period of more than twelve months at the time of its initial execution. A contract with a performance period of twelve or fewer months with subsequent renewal options on the part of the state of no more than one year does not constitute a multiyear contract. Written approval by the procurement official or his or her designee is required prior to entering into a multiyear contract.
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Multiyear contract means a contract for the purchase of supplies or services for more than one, but not more than five, program years. A multiyear contract may provide that performance under the contract during the second and subsequent years of the contract is contingent upon the appropriation of funds, and (if it does so provide) may provide for a cancellation payment to be made to the contractor if appropriations are not made. The key distinguishing difference between multiyear contracts and multiple year contracts is that multiyear contracts buy more than one year’s requirement (of a product or service) without establishing and having to exercise an option for each program year after the first, whereas multiple year contracts have a term of more than one year regardless of fiscal year funding, as defined in FAR Subpart 22.10—Service Contract Act of 1965, as Amended.
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Multiyear contract means contracts for a term of more than one year,
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Multiyear contract means a contract that requires appropriations for more than 1 fiscal year.
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Related to Multiyear contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Other Contract means any agreement entered into between the Contractor and the City that is (i) formed under the authority of MCC Ch. 2-92; (ii) for the purchase, sale or lease of real or personal property; or (iii) for materials, supplies, equipment or services which are approved and/or authorized by the City Council.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.

  • Customer Contract means any written contract or agreement (other than trade contracts) between Seller and any of its customers (or under which Seller has rights) which has been entered into and signed by the parties thereto in connection with the publication of the Directories and corresponding provision of Directory Services.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.