Section 27-4625. EXERCISING THE CONTRACT OPTIONS

 

4625.1The Contracting Officer may exercise a contract option upon determining that: 

(a)Funds are available and authorized for this purpose;

 

(b)The goods or services covered by the option fulfill an existing need; and

 

(b)Exercising the option is the most advantageous method of fulfilling the Hospital’s need.

 

4625.2The determination to exercise a contract option shall be in writing and shall be included in the contract file. 

 

4625.3To exercise an option over one hundred thousand dollars ($100,000) the Contracting Officer must first obtain the approval of the CCO.

 

4625.4In addition to the approval of the CCO (if applicable), prior to exercising any option, certification of the Hospital’s Chief Financial Officer shall be obtained as to whether funds are available for the exercise of the option.

 

authority

The Board of Directors of the Not-for-Profit Hospital Corporation (Board), pursuant to authority granted by sections 105(a), 106(6), and 111 of the Not-for-Profit Hospital Corporation Establishment Emergency Amendment Act of 2010 (Act), effective July 7, 2010 (D.C. Act 18-476; 57 DCR 6937 (August 6, 2010), and applicable sections of any subsequent substantially identical emergency, temporary, or permanent legislation.

source

Notice of Emergency and Proposed Rulemaking published at 57 DCR 8507 (October 8, 2010)[EXPIRED]; as amended by Notice of Emergency and Proposed Rulemaking published at 58 DCR 3086 (April 18, 2011)[EXPIRED]; as amended by Notice of Final Rulemaking published at 58 DCR 4565, 4592 (May 27, 2011).