Common use of Term of the Contract Clause in Contracts

Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

Appears in 13 contracts

Samples: files.sourcewell.org, Indefinite Quantity Construction Contract, Indefinite Quantity Construction Contract

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Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four two (4) years. An One additional one-year renewal- extension may be offered by Sourcewell to Contractor beyond the original fourtwo-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

Appears in 12 contracts

Samples: Indefinite Quantity Construction Contract, Indefinite Quantity Construction Contract, Contract Modification

Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An One additional one-year renewal- extension may be offered by Sourcewell to Contractor beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

Appears in 8 contracts

Samples: Contract Modification, Construction Services Agreement, files.sourcewell.org

Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four two (4) years. An One additional one-year renewal- extension may be offered by Sourcewell to Contractor beyond the original fourtwo-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at Sourcewell Page 6 of 7 any time.

Appears in 6 contracts

Samples: Contract Modification, Construction Services Agreement, files.sourcewell.org

Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) two additional terms. The total term of the Contract cannot exceed four (4) three years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

Appears in 6 contracts

Samples: Construction Contract, Quantity Construction Contract, Quantity Construction Contract

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Term of the Contract. A. This Contract has an initial term of one two (12) year years and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four five (45) years. An One additional one-year renewal- extension may be offered by Sourcewell to Contractor beyond the original fourfive-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

Appears in 6 contracts

Samples: Indefinite Quantity Construction Contract, files.sourcewell.org, files.sourcewell.org

Term of the Contract. A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An One additional one-year renewal- extension may be offered by Sourcewell to Contractor beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at Sourcewell Page 6 of 7 any time.

Appears in 1 contract

Samples: Contract Modification

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