Clauses Extension Overrun 3 Performance Bid.doc

This is a performance bid document with clauses for extension and overrun provisions related to the State of Maine's annual contract for letterhead stationery. The document establishes the framework for extending contract performance beyond initial terms and managing situations where demand exceeds originally anticipated quantities. The contract covers the procurement of state letterhead stationery supplies for Maine government agencies, with specific provisions addressing how the contractor will handle increased volume requests and contract duration extensions. The document outlines the mechanisms by which the state can extend the contract period and authorize the vendor to supply additional quantities beyond the original bid specifications, ensuring continuity of stationery supply services for state operations.

The pricing terms within this document are structured to allow for performance adjustments when contract extensions are exercised or when overrun quantities are requested. The clauses establish predetermined rates or adjustment formulas for extended performance periods and quantity overruns, ensuring cost predictability for the state while protecting the vendor's pricing structure. These provisions are designed to provide flexibility in contract administration, allowing the state to continue service without requiring a full rebid while maintaining competitive pricing principles. The document addresses scenarios where initial quantity estimates may prove insufficient or where the state determines continued contractor performance is optimal, with specific terms governing the financial implications of such situations.