Clause Extenison Overrun 3 PO.doc

This document contains contract extension and overrun clauses for a state purchasing agreement. The contract establishes a maximum extension provision whereby the State Purchasing Director retains the right to extend the contract period beyond the initially indicated expiration date, contingent upon contractor consent. The total contract period, including any extensions, may not exceed three years from the original start date.

The contract permits cost overruns up to three percent without requiring additional procurement action or amendments. This overrun provision allows flexibility in budget management while maintaining fiscal controls through the specified cap. Together, these clauses provide the State with options to extend the contractual relationship and accommodate modest cost increases within defined parameters.