Contract Award and Term. The initial contract period for a contract resulting from this RFA will be 24 months. It is anticipated the initial contract period will begin September 1, 2021 through August 31, 2023. HHSC reserves the option to renew the term of the contract for up to two additional years, or as necessary to complete the mission of the procurement. The total amount of state funding available for the Family-based Alternatives grant is $882,850.00 dollars per state fiscal year and it is HHSC's intention to make one award. Grants awarded as a result of this RFA will be funded using a fixed price methodology. Under a fixed price methodology, grant recipients receive a fixed amount each month based on the approved cost proposal, the contract, and the availability of funds. Costs will be reconciled twice during each year of the contract, at which time funds not expended in a manner permitted by the contract will be refunded to HHSC.
Contract Award and Term. (a) This Contract shall renew as of September 1, 2023, and shall continue in force through August 31, 2025, unless extended by the parties by amendment to this Contract or terminated earlier, as provided in Section 2.2 below. This Contract may be renewed for one (1) additional two (2) year period, provided that renewal is executed by written amendment to this Contract prior to expiration of the current term. TFC may request an extension for the purpose of re- solicitation. Any extension or renewal shall be evidenced by an amendment to the Contract signed by the parties and shall be governed by the provisions, terms and conditions of this Contract, and any changes approved by TFC.
