Clauses Extenison Overrun 3 Performance Bid.doc

This is a contract extension and performance document that outlines key terms for a state purchasing agreement. The contract includes an extension clause that allows the State Purchasing Director to extend the contract period beyond the initial expiration date with contractor consent, with a maximum total contract period not to exceed three years. The document specifies performance requirements and establishes the framework for contract duration and potential renewals.

The contract incorporates past performance as a potential factor in award decisions and establishes an overrun limit not to exceed 3 percent of the contract value. These terms establish accountability measures for vendor performance while allowing flexibility for contract extension based on mutual agreement between the state and contractor, subject to the three-year maximum duration cap.