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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 8. HIGHER EDUCATION |
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SubTilte 8-B. UNIVERSITY OF THE DISTRICT OF COLUMBIA |
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Chapter 8-B30. UNIVERSITY PROCUREMENT RULES |
Section 8-B3021. TYPES OF CONTRACTS
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3021.1The CCO shall utilize the type or types of contract described in this section for each method of procurement, unless a different type of contract is in the best interest of the University.
3021.2When the competitive sealed bidding method of procurement is utilized, the CCO shall utilize either a firm-fixed-price or a fixed-price with economic price adjustment type contract , unless a different type of contract is in the best interest of the University.
3021.3The CCO shall use a firm-fixed-price contract when the requirement is clearly defined and can be priced on a firm-fixed-price basis and when the risk involved is minimal to the University, unless a different type of contract is in the best interest of the University.
3021.4The CCO shall give preference to selecting contract types in the following order:
(a) Fixed-price type;
(b) Cost-reimbursement;
(c) Time and materials;
(d) Labor hour; and
(e) Other types.
3021.5The CCO shall ensure that all contracts entered into by the University include all applicable clauses to protect the University’s interests.