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 10 contracts
Samples: Indefinite Quantity Construction Contract, Indefinite Quantity Construction Contract, Indefinite Quantity Construction Contract
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 10 contracts
Samples: Indefinite Quantity Construction Contract, Contract Modification, Indefinite Quantity Construction Contract
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) 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
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 5 contracts
Samples: Construction Services Agreement, files.sourcewell.org, files.sourcewell.org
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 5 contracts
Samples: files.sourcewell.org, 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