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.

  • In order to complete the treatment of stagnant water in the process main building and the high-temperature incinerator building, moreover, methods for radiation dose rate surveillance or recovery are under consideration for high-dose zeolite sandbags located on the lowest floor.

  • 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.

  • 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.

  • Enter the cost of supplies.......................................................................................................20.

  • Multi-year contract terms are not permitted for projects placed on the potentially troubled list.The Potentially Troubled contract reduces the rents to market and requires the owner to submit monthly accounting reports.

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

  • 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.


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

  • Major Contract means (i) any management agreement relating to the Properties or the Loan Parties, (ii) any agreement between any Loan Party and any Affiliate of any Relevant Party and (iii) any brokerage, leasing, cleaning, maintenance, service or other contract or agreement of any kind (other than Leases) relating to the Properties, in each case involving payment or expense of more than One Million and No/100 Dollars ($1,000,000) during any twelve (12) month period, unless cancelable on thirty (30) days or less notice without requiring payment of termination fees or payments of any kind.

  • 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;

  • framework contract means a payment service contract which governs the future execution of individual and successive payment transactions and which may contain the obligation and conditions for setting up a payment account;

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Privatization contract or “contract” means an agreement or

  • 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.

  • Charter contract or "contract" means a fixed-term, renewable contract

  • 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.

  • Major Subcontract means any Subcontract with a Subcontractor for those portions of the Work listed in Section 1.3 of Attachment G.

  • Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

  • Public contract means an agreement between a public body and a nongovernmental source that is

  • 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.